S&P gives Media Holdco loans BB, BB-

Standard & Poor's said it assigned its B+ corporate credit rating to Media Holdco LP. Media Holdco is the majority owner of ION Media Networks Inc.

S&P rates the two entities on a consolidated basis.

The outlook is stable.

In addition, S&P assigned ION Media's $50 million five-year revolving credit facility its BB with a recovery rating of 1.

The agency also assigned Media Holdco's $255 million 5.5-year term loan B its BB- issue-level rating with a recovery rating of 2.

"The 'B+' rating on Media Holdco reflects our view of ION Television's modest ratings, minimal original programming, above-average use of infomercials, and limited track record since its last restructuring," S&P credit analyst Daniel Haines said in a news release.

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