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Moody's: Knology unchanged
Moody's Investors Service said that Knology, Inc.'s proposed refinancing of its senior secured bank credit facilities does not affect the company's B1 corporate family rating, B2 probability of default rating, B1 senior secured bank debt ratings and SGL-2 speculative-grade liquidity rating.
The outlook remains stable.
The company is expected to realize modest reductions in cash interest expense and related improvements in free cash flow generation and overall liquidity by bringing the pricing on its recent refinancing in line with current market rates, Moody's added.
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