Standard & Poor's Puts Sirius XM On 'CreditWatch'
October 1, 2010 at 4:14 AM (PT)
STANDARD & POOR's has put its ratings for SIRIUS XM RADIO and XM SATELLITE RADIO HOLDINGS on CreditWatch -- and said they could be upgraded.
According to the PR released, S&P states, "The positive CreditWatch listing reflects the company’s prospects for continued improvement in operating performance and declining debt leverage for the remainder of 2010, which could lead to a rating upgrade."
S&P currently holds a "B" corporate credit rating for SIRIUS.