Time Inc. Rating Raised To #B+# And Removed From CreditWatch Ratings Then Withdrawn On Meredith Acquisition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

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