| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hargray Holdings LLC > News item |
S&P puts Hargray on positive watch
S&P said it placed Hargray Holdings LLC’s ratings on CreditWatch with positive implications.
The placement follows Cable One’s offer to acquire the remaining 85% stake in Hargray it does not already own, the agency said. S&P rates Cable One BB, and Hargray’s issuer rating is B+.
“The CreditWatch placement reflects our view that the transaction could improve Hargray’s credit profile because Cable One is rated higher,” S&P said in a press release.
The agency said it plans to resolve the CreditWatch when the acquisition closes, most likely in the second quarter, and will likely raise the ratings on Hargray equal to our ratings on Cable One.
© 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.