MONTREAL (DB Financial) – Street Boners and Street Boners TV (SB and SBTV) affirmed the ‘B-’ bank financial strength rating of TV Carnage (TVC) following the announcement that its owner, West Indian investment banker and TVC Ceo Derrick
MONTREAL (DB Financial) – Street Boners and Street Boners TV (SB and SBTV) affirmed the ‘B-’ bank financial strength rating of TV Carnage (TVC) following the announcement that its owner, West Indian investment banker and TVC Ceo Derrick Beckles, has agreed to merge TVC with SB’s head of acquisitions Gavin McInnes. The resulting company shall heretofore be referred to as Street Carnage.
SB (nyse: MCO – news – people) also affirmed the company’s ‘Aa2_ global local currency deposit rating. This rating assumes a very high level of systemic support based on TVC‘s important deposit and loan market shares as the country’s largest provider of “so bad it’s good” TV, the ratings agency stated. McInnes said the rating does not get further lift from the proposed investment of SB (nyse: C – news – people) and added the merger would have a neutral impact on TVC‘s financial strength rating at this juncture due to the small size of the TVC internet division relative to that of SB’s (nyse: BCH – news – people), its profitability and management strengths. However, the ratings could be enhanced upward should the partnership materialize into enhanced revenues and profitability in addition to assimilating the management and franchise strengths of SB, McInnes added.
FABBOULOUS!
My brain hurts!