Comcast Gets Lift from S&P

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Comcast Corp.’s credit rating got a bump up from Standard & Poor’s Tuesday, as the rating company citing the MSO’s “solid operating momentum against tough satellite direct-to-home TV competition.”

S&P elevated Comcast’s corporate credit rating to “BBB+” from “BBB” and affirmed the “A2” short-term credit rating. S&P also cited Comcast’s moderate financial policy (including a debt-to-cash-flow ratio of less than three times) and its strong competitive position against the regional Bell operating companies entering the video business.

The price of a Comcast class-A share was up 28 cents to $31.95 as of about 2 p.m. (EST) Tuesday.

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