S&P rates Time Warner loan BBB

Standard & Poor's said it assigned its BBB rating to Time Warner Cable Inc.'s $3.5 billion, five-year revolving credit facility.

Other ratings on the company, including the BBB corporate credit rating and stable outlook, are not affected.

S&P said the modest reduction in the amount of the revolver does not affect its view of Time Warner's liquidity as adequate, an assessment, which recognizes that its predominantly subscription-based business model affords significant visibility into revenue and cash flow.

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