Time Inc. Rating Raised To #B+# And Removed From CreditWatch Ratings Then Withdrawn On Meredith Acquisition

Stocks and Financial Services Press Releases Tuesday February 13, 2018 09:05
NEW YORK--13 Feb--S&P Global Ratings

NEW YORK (S&P Global Ratings) Feb. 12, 2018--S&P Global Ratings today raised its corporate credit rating on New York-based media company Time Inc. to 'B+' from 'B' and removed it from CreditWatch, where we had placed it with positive implications on Nov. 27, 2017. The rating outlook is stable.

The upgrade follows Meredith Corp.'s announcement that it has successfully closed its acquisition of Time Inc. and redeemed all of the company's debt.
We subsequently withdrew all of our ratings on Time Inc., including the 'B+' corporate credit rating.

Latest Press Release

Various Rating Actions Taken In Two Bankinter Spanish RMBS Transactions Following Improved Credit Enhancement

MADRID (S&P Global Ratings) Feb. 21, 2018--S&P Global Ratings today took various credit rating actions in Bankinter 6, Fondo de Titulizacion de Activos and Bankinter 8, Fondo de Titulizacion de Activos (see list below). Today's rating actions...

Japan-Based Sumitomo Mitsui Finance and Leasing Co. Ltd. Assigned #A-# Outlook Stable

TOKYO (S&P Global Ratings) Feb. 21, 2018--S&P Global Ratings today said it has assigned its 'A-' long-term issuer credit rating to Japan-based Sumitomo Mitsui Finance and Leasing Co. Ltd. The outlook on the long-term issuer credit rating is...

SETs Board appoints Pakorn Peetathawatchai as 13th president

The Stock Exchange of Thailand (SET)'s Board of Governors today appoints Pakorn Peetathawatchai as the exchange's 13thpresident, with a four-year term running from June 1, 2018 to May 31, 2022. As a veteran in financial industry, with an ability to...

Prudential survey reveals financial planning key to stronger family relationships

- 71% of couples believe working with a financial consultant can make their relationships better - Of those who plan their finances together, 59% expect their relationship with their partners to improve Money is a subject that people try to avoid...

KMS #Bingo Music# Launching Progress: Signed MOU for Technology Development with Microsoft (MS)

'Bingo Music', a global music platform, has a significant progress and will start its service in late 2018. Korea Mobile Society, Co. Ltd. (hereby referred to as KMS) and Microsoft Korea (hereby referred to as MS) has signed a MOU for the development,...

Related Topics