Moody's: WideOpenWest unaffected

Moody's Investors Service said that WideOpenWest's purchase of $55 million of Broadstripe Communications' assets in Michigan, which are currently in Chapter 11 bankruptcy reorganization, will have no impact on its B2 corporate family and probability-of-default ratings as well as the B1 (LGD3) first-lien senior secured bank debt rating and the Caa1 (LGD6) second-lien bank debt rating.

The outlook remains stable.

The company will fund the purchase with cash on hand and expansion of its bank facilities.

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