14.01.2013 21:43:00
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News Corporation -- Moody's says News Corp.'s increased ownership to a controlling stake in Sky Deutschland as well as guarantee of its debt will not impact its Baa1 rating
New York, January 14, 2013 -- Moody's Investors Service said that News Corporation's ('News Corp.') announced increase in its ownership of Sky Deutschland AG ('Sky Deutschland') to a majority stake level will not impact its Baa1 senior unsecured rating. We believe the transaction has positive strategic implications, which mitigate its moderately negative impact on News Corp.'s financial flexibility.