Fitch keeps Sky on watch

Fitch Ratings said it is maintaining Sky plc's long-term issuer default rating and senior unsecured ratings of BBB- remain on rating watch positive following the announcement that Walt Disney Co. (A/stable) will acquire 21st Century Fox, Inc. (BBB+/RWN).

The agency placed Sky's ratings on positive watch on Dec. 16, 2016 following the announcement of FOX's intention to acquire full control of the U.K.-based direct-to-home broadcaster. Both transactions are subject to regulatory approval.

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