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Published on 3/22/2016 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P upgrades DirecTV to BBB+

Standard & Poor's said it raised its corporate credit rating, and all other ratings, on DirecTV (DTV) to BBB+ from BBB.

At the same time, the agency removed all of its ratings on DirecTV from CreditWatch, where it placed them with positive implications on Feb. 19.

"The upgrade follows the completion of parent company AT&T Inc.'s offer to exchange all existing notes at DTV for notes issued by AT&T," S&P credit analyst Allyn Arden said in a news release.


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