S&P downgrades, withdraws ratings on Zuffa

S&P said it lowered the corporate credit rating on Zuffa LLC to B from BB- and removed the rating from CreditWatch, where it was placed with negative implications in July.

The outlook is negative.

We subsequently withdrew all of the ratings on Zuffa following its acquisition by a consortium of investors led by WME IMG, S&P said.

The acquisition closed Aug. 18, at which time all of Zuffa's debt was refinanced with a combination of debt and equity issued at parent company UFC Holdings LLC, the agency said.

The downgraded corporate credit rating is the same as the rating on UFC Holdings, S&P added.

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