Fitch changes Cablevision view to stable

Fitch Ratings said it affirmed the BB- issuer default rating of Cablevision Systems Corp. and its wholly owned subsidiary CSC Holdings, LLC.

In addition, the agency affirmed specific issue ratings assigned to CSC and upgraded Cablevision’s senior unsecured notes to B+.

The outlooks were revised to stable from negative.

As of June 30, Cablevision had about $9.9 billion of debt outstanding on a consolidated basis.

Fitch said the stable outlook incorporates its expectation that Cablevision’s credit profile will continue to strengthen in step with its improving operating profile and its ability to generate meaningful levels of free cash flow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.