TEXT-S&P raises Crown Media rating to 'B+' from 'B'
Posted on May 24, 2012 at 14:59 PM EDT
Overview -- U.S. cable network company Crown Media Holdings improved the audience ratings and distribution of its cable networks in recent quarters, resulting in higher EBITDA and lower leverage than we expected. -- We are raising our corporate credit rating on the company to 'B+' from 'B'. -- The stable rating outlook reflects our view that neither upward nor downward rating actions appear likely in the intermediate term, and any further upgrades likely would require
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