S&P: Caribe on positive watch

Standard & Poor's said it placed its B corporate credit and B senior secured debt ratings on Caribe Media, Inc. on CreditWatch with positive implications.

At the same time, S&P said it withdrew its ratings, including its corporate credit ratings, on ACS Media, LLC and CBD Media Holdings, LLC, as well as its subordinated debt rating on CBD Media LLC, following the repayment of rated corporate debt.

According to the agency, the CreditWatch listing reflects a reassessment of Caribe's business profile and in resolving the CreditWatch listing, it will consider management's intermediate term operational and financial strategies.

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