S&P: Liberty Cablevision on positive watch

Standard & Poor’s said it placed all of the ratings on Liberty Cablevision of Puerto Rico LLC on CreditWatch with positive implications, including its B- corporate credit rating, B rating on its first-lien credit facilities and CCC rating on its second-lien term loan.

The CreditWatch placement reflects the potential for an upgrade given the improved scale and competitive position of Liberty following the completion of the proposed acquisition of Choice Cable, S&P said.

Pro forma for the acquisition, the agency said it expects adjusted leverage to increase only modestly to the mid-5x range in 2015, the agency said.

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