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Prospect News home > News index > List of issuers C > Headlines for Charter Communications, Inc. > News item |
Fitch assigns Charter notes BBB-
Fitch Ratings said it assigned BBB-/RR1 ratings to Charter Communications Operating, LLC's benchmark issuance of three senior secured note tranches. CCO is an indirect, wholly owned subsidiary of Charter Communications, Inc. CCO's long-term issuer default rating is BB+.
The company is expected to use the proceeds for general corporate purposes, including potential buybacks of class A common stock of Charter or common units of Charter Communications Holdings, LLC, a subsidiary of Charter, and the repayment of indebtedness and to pay related fees and expenses.
The outlook is stable.
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