Fitch rates CCO Safari loan BBB-

Fitch Ratings said it assigned a BBB- rating to CCO Safari III, LLC's senior secured term loan H.

Charter Communications Operating, LLC will become the borrower of the term loan upon the completion of Charter Communications, Inc.'s merger with Time Warner Cable, Inc. and acquisition of Bright House Networks. If the Time Warner merger does not occur, the term loan is required to be repaid and Fitch will withdraw the rating.

CCO Holding LLC's and Charter Communications Operating’s current BB- issuer default ratings remain on rating watch positive following the announcement of the merger agreement by Charter and Time Warner.

The rating assigned to the new loan is not on positive watch.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.