S&P assigns DirecTV notes BBB-

Standard & Poor's said it assigned its BBB- issue-level ratings to co-issuers DirecTV Holdings LLC's and DirecTV Financing Co. Inc.'s proposed senior unsecured notes.

At the same time, the agency said it affirmed all ratings, including the BBB- corporate credit rating, on DirecTV.

The outlook is stable.

DirecTV did not disclose the size of the offering, but S&P said it expects proceeds to be used for general corporate purposes, which may include repayment of other debt, a distribution to the parent for its share purchase program and other corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.