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Moody's assigns B1 to Charter notes
Moody's Investors Service said it assigned a B1 rating to planned senior unsecured notes due 2032, to be issued at Charter Communications, Inc.'s wholly owned subsidiaries CCO Holdings, LLC and CCO Holdings Capital Corp.
Charter's Ba2 corporate family rating, Ba2-PD probability of default rating and all instrument ratings are unaffected by the offering, the agency said. The stable outlook and SGL-1 speculative grade liquidity are unchanged.
Charter plans to use the proceeds for general corporate purposes, including share repurchases, repaying certain indebtedness, and paying related fees and expenses.
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