| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Cablevision Systems Corp. > News item |
Fitch rates Cablevision loan BB+, notes BB, B+
Fitch said it affirmed the B+ long-term issuer default ratings on Cablevision Systems Corp. and wholly owned operating subsidiary CSC Holdings LLC (CSCH) following Altice USA's announcement that it would combine the Cablevision and Cequel Communications Holdings I LLC operations under one credit silo through a number of transactions.
Fitch has assigned expected issue ratings of BB+/RR1 to the proposed new $1.275 billion CSCH term loan B-3 due 2026, BB/RR2 to the new $2.6 billion in CSCH senior guaranteed notes and B+/RR4 to the new CSCH senior unsecured notes.
Fitch upgraded the issue ratings on the CSCH senior unsecured notes to B+/RR4 from B/RR5, reflecting the improved recovery prospects following the combination.
Fitch said it affirmed all other issue ratings.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.