S&P affirms Liberty Global

Standard & Poor's said it affirmed the B+ long-term corporate credit rating on Liberty Global Inc. and its subsidiaries. The agency also said it lowered the long-term corporate credit rating on Unitymedia GmbH and its subsidiaries by one notch to B+ from BB-. The ratings on both Liberty Global and Unitymedia were removed from CreditWatch with negative implications, where they were placed in November 2009.

The outlook is positive.

These actions follow the completion of Liberty's acquisition of 100% of Unitymedia and Liberty's disposal of its 37.8% stake in Jupiter Telecommunications Co., Ltd., S&P said.

The agency said it is equalizing the ratings on Unitymedia with those on Liberty to reflect its full control over Unitymedia's corporate strategy and financial policy.

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