Moody's rates Comcast notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Comcast Corp.'s proposed new 10-year and 30-year senior unsecured notes.

According to Moody's, Comcast's wholly owned subsidiaries Comcast Cable Communications, LLC, Comcast Cable Holdings, LLC, Comcast MO Group, Inc. and Comcast MO of Delaware, LLC will guarantee the proposed bonds and it is anticipated that they will rank pari pasu with the company's existing senior unsecured indebtedness.

The agency said proceeds from the issuance will be used for working capital and general corporate purposes.

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