Fitch rates Cablevision notes B-

Fitch Ratings said it has assigned a B- rating to Cablevision System Corp.'s $750 million issuance of 7.75% senior unsecured notes due 2018 and $500 million issuance of 8% senior unsecured notes due 2020.

Proceeds generated from the issuance are expected to be used to fund the cash tender offer for the company's 8% senior notes due 2012 as well as general corporate purposes.

The company and its subsidiary CSC Holdings, Inc. have a BB- issuer default rating, and all the ratings have a stable outlook, the agency said.

Fitch also indicated that the BB+ rating assigned to the company's senior secured credit facility will not be affected by the company's announced amendment and extension of scheduled bank debt maturities.

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