NEW YORK (Standard&Poor's) Oct. 14, 2010--Standard&Poor's Ratings Services said today that its ratings on Sirius XM Radio Inc. subsidiary XM Satellite Radio Inc.'s privately placed Rule 144A 7.625% senior unsecured notes due 2018 remain unchanged after the deal's upsizing to $700 million from $550 million. Despite the increase, the issue-level rating on the notes remains at 'B+' (at the same level as the 'B+' corporate credit rating on Sirius XM) with a recovery rating of '4', indicating our expectation of average (30%-50%) recovery for noteholders in the event of a payment default. The company plans to use proceeds to back the tender offer for XM Satellite Radio's $526 million 11.25% senior secured notes due June 15,
