S&P rates Discovery loan BBB

Standard & Poor's said it assigned a BBB rating to Discovery Communications LLC's amended $1 billion revolving credit facility due October 2017.

Parent company Discovery Communications Inc. provides a guarantee for the revolver, as it does for the company's public debt.

The corporate credit rating on Discovery is BBB and the outlook is stable.

The ratings reflect the company's satisfactory business risk profile, anchored by its two strong cable TV networks and its intermediate financial risk profile, based on its moderate leverage and strong cash flow, S&P said.

The outlook reflects Discovery's strong cash flow generating ability and sustained earnings growth, the agency said.

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