S&P affirms ACS Media

Standard & Poor's said it affirmed its ratings on ACS Media LLC, Caribe Media Inc. and CBD Media Holdings LLC, including their B corporate credit ratings.

The agency said that these ratings were removed from CreditWatch where they were placed with negative implications on Dec. 14.

The outlooks are stable.

According to S&P, the ratings affirmations follow a review of the planned combination of Local Insight Media LLC (formerly named Caribe Acquisition Holdings LLC) and CBD Media LLC, which was announced in December.

The ratings on ACS Media, Caribe Media and CBD Media Holdings consider the pro forma consolidated credit quality of Local Insight Media, the agency said, noting that while there are separate financing structures at the various entities, the operations are, and will be, managed by the same senior management team and are expected to have similar operating and financial strategies.

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