KTRV Fox 12 Standard&Poor's affirms DirecTV rating
Member Center:
NEW YORK (AP) - Standard&Poor's said Monday it affirmed all ratings, including the "BBB-" corporate credit rating, on satellite TV operator DirecTV Inc.
The ratings agency also said it assigned "BBB-" ratings to DirecTV Holdings LLC's and DIRECTV Financing Co.'s proposed senior unsecured notes due 2015, senior unsecured notes due 2020, and senior unsecured notes due 2040.
A "BBB-" rating is investment grade. S&P said the outlook on the company is stable.
DirecTV plans to use proceeds from three proposed note offerings for general corporate purposes, including repaying debt.
Shares of El Segundo, Calif.-based DirecTV fell 17 cents to close at $34.78.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
