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Sirius XM upgraded by Standard & Poor's
The financial evaluation service upgrades its credit rating on Sirius XM from “stable” to “positive.” That sets the stage for a further upgrade, later on. S&P also affirmed the “B-“ corporate rating on the company, though its overall rating remains in “junk bond” territory, below “investment grade.” Earlier this week, Sirius announced it had repaid $250 million of the $530 million it got from Liberty Media earlier this year.
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