S&P affirms Comcast

S&P said it affirmed its A- long-term issuer credit rating and A-2 short-term issuer credit rating on Comcast Corp. The outlook is negative.

At the same time, S&P affirmed the A- issue rating on Comcast's debt.

S&P removed all ratings from CreditWatch, where S&P had placed them with negative implications on Feb. 28, 2018, following the company's announcement that it was making an unsolicited bid for U.K.-based pan-European communications and media company Sky plc.

The ratings affirmation follows the announcement by the Sky plc independent board that it recommends that its shareholders tender their shares to Comcast.

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