S&P rates Discovery notes BBB-

S&P said it assigned its BBB- issue-level ratings to Discovery Communications LLC’s proposed senior unsecured debt securities.

The company plans to use the proceeds to fund its proposed tender for selected outstanding senior notes maturing between 2022 and 2024 and for general corporate purposes.

Discovery’s parent, Discovery Inc., is guaranteeing the notes, as it does for the company’s other public debt.

“Our BBB-/A-3 issuer credit ratings and stable ratings outlook on Discovery are unchanged,” S&P said in a press release.

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