Comcast Corporation -- Moody's places DreamWorks Animation's debt ratings (Ba3 CFR) on review for upgrade following agreement to merge with Comcast; Comcast A3 ratings not affected

New York, April 28, 2016 -- Moody's Investors Service ("Moody's") placed DreamWorks Animation SKG, Inc.'s ("DreamWorks Animation") Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and the B1 senior unsecured debt rating on review for upgrade following NBCUniversal's, a division of Comcast Corporation ("Comcast"), announcement to acquire DreamWorks in an all cash transaction valued at $4.1 billion (including assumption of debt at DreamWorks Animation) . DreamWorks Animation's stockholders will receive $41 in cash per share and the transaction is expected to close by the end of 2016. Moody's also said that the announced transaction is not expected to impact Comcast's A3 senior unsecured long term debt rating, Prime-2 commercial paper rating or the stable outlook. The rating outlook for DreamWorks was changed from stable to ratings under review and the rating outlook for Comcast remains stable.

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