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Sirius XM Holdings Inc. Message Board

  • jia1068 jia1068 Oct 26, 2011 5:12 PM Flag

    S&P upgrade! from my trading news wire!

    The following is a press release from Standard & Poor's

    --U.S. satellite radio company Sirius XM Radio Inc. EBITDA generation and debt leverage have improved, largely as a result of subscriber growth and rising EBITDA margins.

    -- We believe profgress in credit quality is sustainable.
    -- We are raising our corporate credit rating on the company to BB from BB-

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    • 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.

    • see you tomorrow above $2.

4.14-0.05(-1.19%)Aug 24 4:00 PMEDT