U.K. registered international cable television and broadband services provider Liberty Global plc has completed its acquisition of U.K. cable operator Virgin Media Inc. As a consequence of the more aggressive financial policy and increased leverage at Virgin Media following the transaction, we have revised our assessment of the company's financial risk profile to "aggressive" from "significant." We are therefore lowering our long-term corporate credit rating on Virgin Media to 'BB-' from 'BB' and removing it from CreditWatch negative. The stable outlook reflects our view that the group will maintain steady margins over the next 12-18 months and leverage below 5x. LONDON (Standard&Poor's) June 28, 2013--Standard&Poor's Ratings Services today lowered its long-term corporate credit rating on U.K.
