DIRECTV 2004 Annual Report Download - page 61
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Please find page 61 of the 2004 DIRECTV annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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THE DIRECTV GROUP, INC.
senior secured rating from Ba2 to Ba1, senior unsecured rating from B1 to Ba2, and issuer rating from B2 to Ba3 with a stable
outlook to reflect improving operating performance under new management and increased focus on the core satellite pay-
television business. Moody’s did note concern in its ratings action that further ratings improvement may be constrained by the
competitive environment.
On August 9, 2004, S&P affirmed its ratings on DIRECTV U.S.’ senior secured credit facilities of BB and DIRECTV U.S.’
$1.4 billion senior unsecured notes of BB-, removed the ratings from CreditWatch and assigned a positive outlook. On February
2, 2005, S&P affirmed the ratings and revised the outlook to stable.
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