Moody's: Knology unaffected

Moody's Investors Service said that Knology Inc.'s proposed amendment and partial extension of its existing senior secured credit facility would not have a meaningful impact on the company's credit profile and would not change its B1 corporate family rating, B2 probability-of-default rating, SGL-2 speculative-grade liquidity rating or stable outlook.

The agency noted that the successful completion of the in-market transaction would extend the maturity date for $250 million of Knology's $593 million term loans by three years to June 2015 and increase the total revolver commitments to $35 million from $25 million.

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