New York, December 15, 2014 -- Moody's Investors Service affirmed the B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating of Liberty Cablevision of Puerto Rico LLC (LCPR). The action follows the announced plan of LCPR's owners, Liberty Global plc (Liberty Global, Ba3 stable) and Searchlight Capital Partners, L.P. (Searchlight) to acquire Puerto Rico Cable Acquisition Company Inc. (Choice Cable, B2 negative) for $272.5 million and to combine the operations with LCPR. Moody's also affirmed the B2 ratings on LCPR's first lien credit facility and the Caa2 ratings on its second lien credit facility. LCPR expects to increase the first lien term loan by approximately $225 million and the second lien by approximately $32.5 million to help fund the acquisition. All rated Choice Cable debt would be repaid in conjunction with the acquisition.

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