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S&P: Cablevision unaffected
Standard & Poor's said the upsizing of Cablevision Systems Corp.'s (BB/negative/--) senior notes due 2017 does not affect the rating on the issue or other ratings on Cablevision Systems and related entities.
The rating on the issue, which was increased to $900 million from $500 million, remains at B+ with a 6 recovery rating.
The notes are being sold under Rule 144A with registration rights. All, or most, of the proceeds will be used to reduce debt of Cablevision subsidiary CSC Holdings Inc.
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