The move by Standard & Poor’s late Thursday suggests they may be planning to give Sirius XM an upgrade on it debt, by placing the company on Credit Watch. Standard & Poor’s says the move “stemmed from lower debt leverage and increased EBITDA, or earnings before interest, taxes, depreciation and amortization,” at Sirius XM. It adds that the potential change is due to “changes to an increase in subscribers and some increases in prices.” The month of October should be an interesting one for the satcaster, with contract questions of Howard Stern, Bubba the Love Sponge and Opie and Anthony all expected to be addressed, along with the run up to their quarterly earnings report, which is scheduled for November 1. You can track Sirius XM stock here.