Fitch: CBS unchanged

Fitch Ratings said that the announcement by CBS Corp. to acquire CNET Networks, Inc. for $1.8 billion does not affect its current ratings or stable outlook.

Fitch said it currently rates CBS as follows: long-term issuer default rating at BBB, senior unsecured BBB and short-term issuer default rating F2.

As stated in its March 31 press release, Fitch said it believes that CBS has sufficient capacity to become acquisitive, assuming reasonable multiples and synergies within the businesses acquired and proforma unadjusted gross leverage in the 3.0 times range.

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