Business/Finance

Standard & Poor’s is bullish on DirecTV’s Latin American business, despite potential challenges in Brazil and Mexico. "We see major financial and operating strides at the wholly owned unit, and increasingly meaningful contributions to DirecTV’s overall results," said S&P. — RCN completed its previously announced $595mln recapitalization initiative and declared a special dividend totaling $350mln, or $9.33/share of common stock. The overbuilder’s board also authorized the purchase of up to $25mln of common stock in the open market. — Fitch affirmed its ‘BBB’ rating on Viacom’s issuer default rating and maintained on the media conglomerate a stable rating outlook.