Merger debt monitored

Standard & Poor’s Corp. will continue to monitor the credit situation of Paramount Communications, Viacom Inc. and Blockbuster Entertainment with negative implications.

The agency said, however, the proposed merger structure of the three suggests a “BB+ senior rating is a more likely outcome than a BBB-.” The current combined debt outstanding of all three companies totals $ 1.6 billion.

S&P affirmed QVC’s BB+/BB- rating on a $ 400 million mixed shelf registration.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety