FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            Report of Foreign Issuer



                    Pursuant to Rule 13a - 16 or 15d - 16 of

                      the Securities Exchange Act of 1934



                      For the month of December 2003
                              10 December 2003


                       BRITISH SKY BROADCASTING GROUP PLC
                              (Name of Registrant)


                Grant Way, Isleworth, Middlesex, TW7 5QD England
                    (Address of principal executive offices)



Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F


                    Form 20-F X            Form 40-F



Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934


                    Yes                    No X



If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable



                                 EXHIBIT INDEX


                                    Exhibit


EXHIBIT NO.1    Press release of British Sky  Broadcasting  Group plc
                announcing 'Rating Upgrades' released on
                10 December 2003




press release

                                                               10 December 2003


                       BRITISH SKY BROADCASTING GROUP PLC

                   BSkyB welcomes return to Investment Grade

British Sky Broadcasting Group plc ("BSkyB") welcomes the announcements by
Standard & Poor's on 8 December 2003 and Moody's Investors Service on 9 December
2003, increasing the Company's credit ratings to BBB- and Baa3 respectively. The
outlook for both these ratings is 'Stable'.  As a result of these rating
upgrades, the Company's debt has moved from Speculative Grade to Investment
Grade.


As at 30 September 2003, BSkyB's net debt was GBP1,034 million, a reduction of
GBP799 million since the Company turned cashflow positive in January 2002.

                                   SIGNATURES



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                                         BRITISH SKY BROADCASTING GROUP PLC


Date: 10 December 2003                       By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary