Moody’s assigns Ba1 to new Charter notes

Moody’s Investors Service said it assigned a Ba1 to Charter Communications, Inc.’s new 30-year senior secured notes issued at Charter Communications Operating, LLC.

Charter also upsized the recently issued 4.75% senior unsecured notes at CCO Holdings LLC, with a $500 million fungible add-on, and Charter is also repricing its revolver and term loans, the agency said.

Moody’s said it expects the key terms and conditions of the new note offerings and the amended credit facility to be materially the same as the existing indentures and previous credit facility.

All existing ratings, including the Ba2 corporate family rating and all instrument ratings, are unaffected by the offering and refinancing.

The outlook is stable.

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