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Moody's affirms Liberty, rates QVC notes Ba2
Moody's Investors Service said it affirmed Liberty Interactive Corp.'s corporate family and probability of default ratings at B1.
The agency said it affirmed SGL rating at SGL-1, the senior unsecured notes rating at B3 and the senior unsecured exchangeable notes rating at B3.
The agency said it also assigned a Ba2 rating to QVC, Inc.'s proposed $500 million senior secured notes due 2022. The outlook remains stable.
The agency said the affirmation of the B1 rating of Liberty Interactive reflects the solid revenue trends and high operating margins at QVC as well as the company's solid overall liquidity profile.
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