Reuters logo
S&P lifts broadcaster CME's rating after share float
May 14, 2013 / 8:46 AM / 4 years ago

S&P lifts broadcaster CME's rating after share float

PRAGUE, May 14 (Reuters) - Standard & Poor’s Ratings Services has raised its long-term corporate credit rating for broadcaster Central European Media Enterprises (CME) to ‘B-’ from ‘CCC+', it said on Tuesday.

The move follows a CME share offering that raised $150 million gross proceeds to help it cut debt. S&P also cited CME’s plans to sell $200 million of preferred shares to its largest shareholder, U.S. media group Time Warner, as a reason for its change.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below