S&P affirms Digital Globe

Standard & Poor's said it affirmed its BB corporate credit rating and BB+ issue-level ratings on DigitalGlobe Inc.

At the same time, the agency said it removed those ratings from CreditWatch, where they were placed with negative implications on July 24. The outlook is negative.

"The affirmation reflects our view that the business risk benefits of DigitalGlobe's proposed acquisition of competitor GeoEye offset the effect of higher leverage associated with the proposed combination," said S&P credit analyst Michael Weinstein in a news release.

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