S&P: Time Warner notes BBB

Standard & Poor's said it assigned a BBB rating to the sterling-denominated notes due 2031 to be issued by Time Warner Cable Inc.

Its other ratings are not affected by the new notes and incorporate an assumption that Time Warner Cable will maintain financial parameters consistent with the BBB corporate rating and stable outlook, including adjusted debt-to-EBITDA of no more than 3.25x, S&P said.

The ratings also reflect a strong business risk profile, underpinned by the company's position as the second-largest U.S. cable operator, solid cash flow generation and a technically robust network, the agency said.

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