S&P rates Comcast notes BBB+

Standard & Poor's said it assigned its BBB+ issue-level rating to Comcast Corp.'s proposed senior notes issue of an unspecified amount, consisting of three maturities: 2023, 2033, and 2043. Existing ratings on the company, including the BBB+ long-term and A-2 short-term corporate credit ratings, remain unchanged.

The long-term outlook is stable.

S&P said it assumes that pro forma for the new debt issuance, leverage will remain in the low- to mid-2x area.

S&P said the ratings reflect Comcast's strong business position as the largest cable TV operator in the United States, with 22 million video customers as of Sept. 30, 2012, and a cable operating cash flow margin of 40.1% for the third quarter of 2012.

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