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Prospect News home > News index > List of issuers C > Headlines for CSC Holdings, LLC > News item |
S&P gives B to CSC Holdings notes
S&P said it assigned its B issue-level rating and 6 recovery rating to CSC Holdings LLC's proposed $750 million unsecured notes due 2030. The 6 recovery indicates an expectation of negligible recovery (0%-10%; rounded estimate: 0%) to lenders in the event of a payment default.
The BB- issuer credit rating on parent Altice USA Inc. is unchanged as this is a leverage-neutral transaction that will moderately improve the company's liquidity position, S&P said.
The outlook is stable.
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