Originally Posted by
trippingthespeculatingpos
Taken from Brandon's latest article
"Not only did S&P raise Sirius XM's corporate credit rating from CCC to CCC+, it did so while simultaneously removing all Sirius XM debt from credit watch negative. The only piece of credit that was not affected by these rating upgrades were Sirius XM's senior unsecured notes, which remain at CCC-."
So my question is why did they leave it at ccc-? can any1 shed some light as to why they would not upgrade the Sirius XM senior unsecured notes as well?
These S&P upgrades are confusing as hell.