Aktie
WKN DE: A0MYYM / ISIN: PLINCLT00015
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20.10.2016 22:30:00
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Altice US Finance I Corporation -- Moody's rates Cequel's term loan Ba3; CFR, outlook remains unchanged
New York, October 20, 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) $815 million senior secured term loan B. The proceeds from the term loan will be used to pay off the existing term loan B set to mature in 2022. The company's B3 Corporate Family Rating ("CFR"), B3-PD Probability of Default Rating ("PDR"), Caa1 unsecured rating, and outlook remain unchanged. The company's SGL-2 rating has also been withdrawn.
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