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Fitch assigns CCO notes BB+
Fitch Ratings said it assigned BB+/RR4 ratings to CCO Holdings, LLC's benchmark issuance of senior unsecured notes due 2032. CCO is an indirect, wholly owned subsidiary of Charter Communications, Inc. CCO's long-term issuer default rating is BB+. The outlook is stable.
Simultaneous with this offering, CCO is selling more notes under the indenture governing the 4½% notes due 2030 sold in February.
The company is expected to use the proceeds for general corporate purposes, including the repayment of certain CCO indebtedness, potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings, LLC, a subsidiary of Charter and to pay related fees and expenses.
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