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S&P might lift Kabel Deutschland
Standard & Poor's said it placed its BB long-term corporate credit rating on Kabel Deutschland Holding AG, and all issue ratings on the group's debt, on CreditWatch with positive implications.
The CreditWatch placement follows the launch of Vodafone Group plc's voluntary public offer to acquire Kabel Deutschland, as announced on July 30.
It reflects the high likelihood that the agency could raise the long-term corporate credit rating on Kabel Deutschland by several notches, in line with the rating on Vodafone at a maximum, if the transaction closes successfully. The acceptance period for Vodafone's offer ends on Sept. 11 but can be extended.
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