Moody's affirms Cincinnati Bell

Moody's Investors Service said it has affirmed the ratings of Cincinnati Bell and its subsidiaries, including the company's Ba3 corporate family rating, Ba3 probability of default rating and SGL-3 short-term liquidity rating, the latter indicating adequate liquidity over the next 12 months.

The affirmations follow the company's announcement that it extended the maturity of its revolving credit facility to August 2012, Moody's said, adding that it believes that the facility extension somewhat eases the pressure on the Cincinnati Bell's liquidity, as it no longer has to repay the revolver outstandings prior to its scheduled maturity in February 2010.

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