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Comcast's New Debt Given Investment Grade Rating

Stock quotes in this article: CMCSA  

SAN FRANCISCO (AP) — Comcast Corp.'s new $1.5 billion debt issue received an investment grade rating on Tuesday from Standard & Poor's Ratings Services.

Philadelphia-based Comcast had issued $700 million of debt carrying an interest rate of 5.7 percent, due 2019, and $800 million of debt, at 6.55 percent, due 2039.

S&P gave the new debt a rating of "BBB+" and confirmed all of the company's credit and other ratings at the same grade. The ratings service expects funds from the new debt to be used for refinancing. ...

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