S/P UPGRADES HERITAGE COMMUNICATIONS <HCI> DEBT
Standard and Poor's Corp said it
upgraded Heritage Communications Inc's senior debt to BB-minus
from B-plus and subordinated debt to B from B-minus. About 400
mln dlrs of debt is affected.
    S and P also said that Tele-Communications Inc's
preliminary BB-minus rating on a 250 mln dlr shelf registration
of debt and B rating on 505 mln dlrs of subordinated debt are
affirmed.
    The rating agency said the action reflects the acquisition
of Heritage by Tele-Communications, subject to a June 30 vote
by Heritage shareholders.
 Reuter
