Moody's: No change for Time Warner Cable

Moody's Investors Service said Time Warner Cable Inc.'s Baa2 senior unsecured rating remains unaffected by the company's initiation of a $0.40-per-share quarterly dividend.

The new dividend payout is high relative to the agency's initial expectation, but is mitigated by higher-than-expected free cash flow generation, Moody's said.

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