StockPreacher Initiates Independent Research Coverage for Sirius XM Radio Inc.
DALLAS, Dec 18, 2009 (GlobeNewswire via COMTEX) -- By Staff
Company: Sirius Satellite Radio Inc. (SIRI)
StockPreacher.com announces an investment report featuring satellite radio provider Sirius XM Radio Inc. (Nasdaq:SIRI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The report is available at: http://www.stockpreacher.com/n/SIRI
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Sirius XM Radio Inc. (SIRI) is an American satellite radio broadcaster, offering its services for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. It offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. In addition, it provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. On July 28, 2008, its wholly owned subsidiary, Vernon Merger Corp., merged with and into XM Satellite Radio Holdings Inc. and, as a result, XM Satellite Radio Holdings Inc. became its wholly owned subsidiary.
In the report, the analyst notes:
"In November, S&P's ratings services lifted SIRI's credit rating outlook to Positive from Stable, indicating that the Company's rating may be lifted over the next six months to two years. In addition, S&P affirmed the Company's B- corporate credit rating. This rating covers the company's overall creditworthiness and means SIRI currently can meet its financial obligations.
"As of November, SIRI's credit rating remains in 'junk' bond category, reflecting high debt leverage and dependence on U.S. auto sales, which have been weak."
To read the entire report visit: http://www.stockpreacher.com/n/SIRI
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Company: Sirius Satellite Radio Inc. (SIRI)
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