US CREDIT-Liberty Media outlook brightens on debt diet

Newswire

By Eric Burroughs NEW YORK, Nov 25 (Reuters) - The past two weeks have been winners for Liberty Media investors, but so far, only credit players seem to be enjoying the news of the company's sturdier outlook after it avoided being cut to junk status by Moody's. Liberty Media offered solid third-quarter earnings two weeks ago and last Thursday announced it will cut its debt by $4.5 billion over the next two years, saying it is trying to get its balance sheet in better shape after a series ...

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