Time Inc. Rating Raised To #B+# And Removed From CreditWatch Ratings Then Withdrawn On Meredith Acquisition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

Fitch Downgrades CGS-CIMB TH to #A(tha)/F1(tha)#; Off Outlook Stable

Fitch Ratings (Thailand) has downgraded CGS-CIMB Securities (Thailand) Co., Ltd.'s (CGS-CIMB TH) National Long-Term Rating to 'A(tha)' from 'AA-(tha)' and National Short-Term Rating to 'F1(tha)' from 'F1+(tha)'. All ratings have been removed from Rating...

Commons Foundation Signs Contract for Blockchain Business Backed by the Paraguay Government

Combining Paraguay's low-cost and abundant electricity with the Commons Foundation's expertise in blockchain technology, the world's largest cryptocurrency mining center and global exchange is to be established. - The "Golden Goose" project will...

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Related Topics