Tech
Standard & Poors today raised BSkyB's rating outlook to 'positive' from 'stable'.
The agency also affirmed BSkyB's current rating of BB+. Moody's Investors Service rates the company as Ba1.
Sky said it 'welcomed' the announcement, and added: "As at 30 September 2002, BSkyB's net debt was £1.5 billion, a reduction of over £300 million since the Company turned cashflow positive in January 2002. BSkyB will report its interim results for the six months to 31 December 2002 on 14 February."
The agency also affirmed BSkyB's current rating of BB+. Moody's Investors Service rates the company as Ba1.
Sky said it 'welcomed' the announcement, and added: "As at 30 September 2002, BSkyB's net debt was £1.5 billion, a reduction of over £300 million since the Company turned cashflow positive in January 2002. BSkyB will report its interim results for the six months to 31 December 2002 on 14 February."
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