Fitch: Cablevision System unchanged

Fitch Ratings said that Cablevision System Corp.'s credit profile has sufficient financial flexibility relative to the current rating category to accommodate its new dividend.

Fitch said it currently rates Cablevision System at issuer default rating B+ and senior unsecured debt CCC+/RR6 as well as CSC Holdings, Inc. at issuer default rating B+, senior secured bank facility BB/RR1 and senior unsecured debt BB-/RR3.

The agency said that CSC Holdings, Inc.'s board of directors declared a quarterly dividend of $0.10 for each NY Group class A and NY Group class B stock outstanding.

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