S&P: Charter unchanged

Standard & Poor's said that a recent SEC filing by Charter Communications Inc.'s (B-/stable) majority and controlling shareholder, Paul Allen, has no immediate impact on the ratings of the company and related entities.

The agency said that Charter had $19.6 billion of consolidated debt outstanding at June 30, adding that the amended Schedule 13-D notes that Allen will "consider or explore alternatives" regarding his investment in Charter, including, among several options, the potential for a recapitalization of Charter which could involve debt to equity exchanges.

S&P said it does not consider the filing as representing a material change in the company's financial strategy.

© 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.