| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Viacom Inc. > News item |
S&P: Viacom debentures BBB+
Standard & Poor's said it assigned its BBB+ issue-level rating to Viacom Inc.'s proposed issuance of $250 million 30-year senior debentures due 2043.
The company also announced an offer to exchange its 6.875% senior debentures due 2036 and its 6.75% senior debentures due 2037 for new debt in the form of the proposed 2043 debentures. The rating on these debentures will remain unchanged based on the company's proposed tack-on to these new debentures, S&P said.
The agency said it expects that the two transactions will have a minor positive effect on the company's credit profile.
The long-term corporate credit rating on Viacom is BBB+ and the outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.