trending Market Intelligence /marketintelligence/en/news-insights/trending/0nsfdxgkzjzjzc7txuufrw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

S&P assigns ratings to CBS Radio

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak


S&P assigns ratings to CBS Radio

S&P Global Ratings assigned a B+ corporate creditrating.

The rating agency also assigned BB- issue-level rating to thecompany's planned $250 million revolving credit facility due 2021 and $1billion term loan due 2023. The company's proposed $460 million senior notesdue 2024 were assigned a B- issue-level.

The outlook on CBS Radio is stable.

S&P said that the B+ corporate credit rating reflects,among other things, the company's critical mass as one of the largest radiobroadcasters in the U.S., and its favorable large market presence.

CBS Corp.plans to separate CBS Radio through a tax-free spinoff, and plans to sell allof CBS Radio shares that it will indirectly own upon the completion of theinitial public offering after the "lock-up" period. CBS Radio filedfor an IPO of itscommon shares in July.

S&P Global Ratingsand S&P Global Market Intelligence are owned by