here is more, it won't let me copy and paste so I have to type....
From Standard and poor's
-- The stable rating outlook reflects our view that a continued revoery in auto sales will support revenue growth and maintain credit meausres appropriate for the BB rating over the intermediate term.
-- NEW YORK Oct. 26, 2011-- Standard & Poor's Ratings services raised its corporate credit rating on New York City-based Sirius XM Radio Inc. and subsidiary XM Satellite Radio Inc. to BB from BB-. The rating outlook is stable. The action reflects the company's declinging debt leverage, improving discretionary cash flow, and the prospects for continued improvement in credit measures through the remainder of 2011 and 2012.
-- our recovery ratings on Sirius XM's and XM Satellite Radio's debt issues remain unchaged. We have raised our issue-level ratings on these companies' debt by one notch in conjunction with the one-notch upgrade.
"The BB rating on Sirius XM Radio reflects our expectation that debt levels will remain relatively stable, but that the company will continue to reduce gross adjusted debt leverage to the mid-3x area by the end of 2012 through EBITDA growth," Said Stanard & Poor's credit analyst Hal Diamond.