New York, September 09, 2016 -- Moody's Investors Service has assigned a Ba1 instrument-level rating to CSC Holdings, LLC's (CSC), a subsidiary of Cablevision Systems Corporation (Cablevision), proposed $1.9 billion secured guaranteed credit facility and $1.9 billion guaranteed notes issuance. The proceeds from these transactions will be used to pay off the company's existing $3.8 secured guaranteed credit facility. Cablevision's B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), and all existing instrument level ratings under Cablevision Systems Corporation remain unchanged. The outlook remains stable.

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