S&P ups Viacom, off watch

S&P said it upgraded Viacom Inc. to BBB from BBB- and removed all the ratings on the company from CreditWatch, where the agency placed them with positive implications on Aug. 14.

Viacom and CBS Corp. completed their merger on Dec, 4.

“Concurrent with the closing, Viacom Inc. will cease to exist and ViacomCBS will assume all of the company's rights and obligations under its outstanding senior notes and junior subordinated debentures and indenture,” said S&P in a press release.

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