Moody’s affirms Comcast on proposed acquisition

Moody's Investors Service said it affirmed Comcast Corp.’s A3 long-term senior unsecured ratings following its announced proposal of a possible offer to acquire 100% of Sky plc's (Baa2, developing outlook) equity for about $31 billion, or $41 billion when including Sky's net debt.

This possible offer price represents a roughly 16% premium to 21st Century Fox America, Inc.'s (Baa1, on review for upgrade) December 2016 offer to acquire the portion of Sky that it does not own.

All subsidiary ratings of Comcast were also affirmed as part of this action.

The outlook remains stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.