S&P gives Comcast notes BBB+

Standard & Poor's said it rated Comcast Corp.'s $700 million of 5.7% notes due 2019 and its $800 million of 6.55% notes due 20319 at BBB+.

At the same time, the agency said it affirmed the BBB+ corporate credit and all issue-level ratings on Comcast and related entities, noting that it expects proceeds from the new issue to be largely used for refinancing.

The outlook is positive.

"The ratings on Comcast reflect its favorable business position, including scale economies, as the nation's largest cable operator and growth potential from cable telephony," said S&P credit analyst Richard Siderman, "as well as the high-bandwidth capacity of its hybrid fiber/coaxial network, an important requisite for meeting formidable competition from satellite and telephone companies."

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