Moody’s assigns CCO notes B1

Moody’s Investors Service said it assigned a B1 rating to the new unsecured notes maturing 2031 of CCO Holdings, LLC and CCO Holdings Capital Corp. Both are wholly owned subsidiaries of Charter Communications, Inc.

Moody’s expects the proceeds to be used, to fund potential buybacks of class A common stock of Charter or common units of Charter Holdings, to repay debt and to pay related fees and expenses and general corporate purposes.

Charter’s ratings are unaffected by the proposed transaction. The outlook is stable and liquidity remains good, Moody’s said.

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