S&P: Cablevision view negative

Standard & Poor's said it affirmed the BB corporate credit rating on Cablevision Systems Corp. and revised the outlook to negative from stable.

"The negative outlook reflects recent, weaker performance at Cablevision Systems' key metropolitan New York cable operations that has increased debt leverage to around 7x for the first quarter of 2013, on an annualized basis," S&P analyst Richard Siderman said in a statement.

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