Moody's: Discovery unchanged

Moody's Investors Service said that Discovery Communications, LLC's Baa2 senior unsecured ratings and stable outlook are not affected by the $1 billion share repurchase authorization announced by its parent company, Discovery Communications, Inc.

The last rating action on the company was on May 26, when Moody's said it assigned a Baa2 rating to the company's new senior unsecured notes.

Discovery's ratings were assigned by evaluating factors the agency said it believes are relevant to the credit profile of the issuer, such as i) the business risk and competitive position of the company versus others within its industry, ii) the capital structure and financial risk of the company, iii) the projected performance of the company over the near to intermediate term, and iv) management's track record and tolerance for risk.

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