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Sirius Debt Gets An Upgrade (All The Way To CCC+)

This story was written by Rory Maher.
Sirius XM (NSDQ: SIRI) debt is still considered junk, but Standard & Poor has given the company cause for a little cheer, upgrading its credit rating to CCC+ from CCC. Sirius is, of course, still has a whole host of problems, but S&P analyst Hal Diamond cited "increased comfort with the company's near-term liquidity needs," a reference to Liberty's recent investment of $530 million.   

By Rory Maher

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