New York, April 19, 2016 -- Moody's Investors Service ("Moody's") has assigned a Ba3 instrument-level rating to Altice US Finance I Corporation's (subsidiary of Cequel Communications Holdings I, LLC) $1.5 billion senior secured notes issuance. The proceeds from the issuance will be used to pay off the outstanding balance of Cequel's existing $1.5 billion senior secured credit facility set to mature in 2019. The company's B3 Corporate Family Rating ("CFR"), B3-PD Probability of Default rating ("PDR"), Caa1 unsecured rating, SGL-2 Speculative Grade Liquidity ("SGL") rating, and outlook remain unchanged.

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