S&P: Sky on positive watch

S&P said it revised the CreditWatch placement on Sky plc’s BBB long-term corporate credit rating and the BBB issue ratings on its senior unsecured bonds to developing from positive.

The agency said it placed the ratings on CreditWatch with positive implications on Dec. 13, 2016.

S&P said it continues to think that if the acquisition of Sky by Twenty-First Century Fox Inc. is approved by the United Kingdom’s regulatory authorities and the government, the transaction could close around mid-2018 and have a positive effect on the ratings.

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