Moody's: No change to Scripps

Moody's Investors Service said that Scripps Networks Interactive's Baa1 senior unsecured ratings would not be impacted by its acquisition of Travel Channel International Limited for about $103 million.

The agency said it anticipates that the company will fund the acquisition using its significant cash balance.

The agency said it also expects Scripps to sustain leverage under 2.0x in the intermediate term and to maintain sufficient financial flexibility within its rating.

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