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Prospect News home > News index > List of issuers T > Headlines for Time Warner Cable Inc. > News item
Published on 6/24/2009 in the Prospect News Investment Grade Daily.

Moody's rates Time Warner Cable bond Baa2

Moody's Investors Service said it assigned a Baa2 rating to Time Warner Cable Inc.'s proposed senior unsecured bonds, including $1.5 billion of 6.75% notes yielding 6.98% due June 2039.

Subsidiaries Time Warner Entertainment Co., LP and TW NY Cable Holding Inc. will guarantee the proposed bonds.

Proceeds will be used to reduce borrowing under Time Warner Cable's bank credit facilities.


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