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S&P rates Viacom notes BBB+
Standard & Poor's said it assigned Viacom Inc.'s proposed issuance of 10-year senior unsecured notes its BBB+ issue-level rating.
In addition, the BBB+ issue-level rating on Viacom's 1.25% senior notes due 2015 remains unchanged based on the company's proposed tack-on to the offering.
The agency said it expects that the transaction will result in only a minor negative effect on the company's leverage and other credit metrics.
The BBB+ long-term corporate credit rating and stable outlook remain unchanged. The rating reflects the company's well-positioned cable-TV networks, strong cash flow generation and liquidity and its moderate financial policy.
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