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Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
Fitch gives Charter secured notes BBB-
Fitch Ratings said it assigned BBB-/RR1 ratings to Charter Communications Operating, LLC's (CCO) benchmark issuance of three senior secured note tranches.
CCO is an indirect, wholly owned subsidiary of Charter Communications, Inc. (Charter).
CCO's long-term issuer default rating is BB+. The outlook is stable.
The company is expected to use net proceeds from the offerings for general corporate purposes, including potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings, LLC (CCH), a subsidiary of Charter, and/or the repayment of indebtedness, and to pay related fees and expenses.
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