S&P reviews Liberty Interactive

S&P said it placed its BB issue level rating on the unsecured debt of Liberty Interactive LLC on CreditWatch with negative implications following the announcement that its parent, Liberty Interactive Corp. (Liberty Interactive), will acquire General Communications Inc. (GCI), combine it with Liberty Ventures Group and split off the combined company from Liberty Interactive.

The BB corporate credit rating on the parent is unaffected and the outlook remains negative.

The transaction is subject to various approvals from regulatory authorities as well as from shareholders from both Liberty Ventures and GCI. The company expects the transaction to close in first quarter of fiscal 2018.

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