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Moody's assigns Charter notes B1
Moody's Investors Service said it assigned a B1 rating to Charter Communications, Inc.'s senior unsecured notes maturing 2033 issued at CCO Holdings, LLC and CCO Holdings Capital Corp.
Charter's Ba2 corporate family rating, Ba2-PD probability of default rating, all instrument ratings and the stable outlook are unaffected by the proposed transaction.
Charter intends to use the proceeds for general corporate purposes, including to fund potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings, LLC, to repay certain indebtedness and to pay related fees and expenses.
Moody's said it considers the transaction credit neutral.
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