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Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
Moody's rates Charter notes Caa3, Ca
Moody's Investors Service said it assigned a Caa3 rating to the proposed $4.3 billion of 11% senior secured notes due 2015 issuance at CCH I LLC and Ca ratings to the proposed $3.9 billion senior unsecured notes due 2014 and $300 million senior unsecured notes due 2015 issuances at CCH I Holdings LLC, both indirect minority-owned subsidiaries of Charter Communications, Inc.
Moody's also said it affirmed all existing ratings for the company and its subsidiaries and the outlook remains stable.
The agency noted it recognizes that the lengthened maturity schedule and modest reduction in annual interest expense improves liquidity slightly, but Charter's Caa1 corporate family rating continues to assume that its capital structure is unsustainable over the longer term.
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