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Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
Moody's rates Charter loan Baa3
Moody's Investors Service said it assigned a Baa3 rating to the proposed first-lien bank debt of Charter Communications Operating LLC.
The company expects to draw the term loan in conjunction with its previously announced acquisition of Bresnan Broadband Holdings LLC for about $1,625,000,000.
Moody's said it assumed the company would fund the acquisition with bank debt, so the proposed transaction does not materially impact our expectations for the mix of first lien debt and bonds or for the company's credit profile. As such, all other ratings are unchanged.
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