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Virgin Media's 4.97 bln stg senior term loan B rating affirmed 'BB-' - S&P


Published :
Thu, 22 Mar 2007 10:22
By : Agencies
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LONDON (AFX) - Standard & Poor's Ratings Services said it has affirmed its 'BB-' senior secured debt rating and '1' recovery rating on Virgin Media Investment Holdings Ltd's 4.975 bln stg senior secured facilities.

S&P said the '1' recovery rating reflects its expectations of full recovery of the principal amount in the event of a payment default.

S&P said the 'BB-' loan rating is one notch above the corporate credit rating on Virgin Media.

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