Moody's: No change for Cablevision

Moody's Investors Service said Cablevision Systems Corp.'s Ba2 corporate family rating and speculative grade liquidity rating of SGL-1, along with ratings of subsidiaries CSC Holdings, LLC and Newsday, LLC, will not be affected by the potential leveraged spinoff of Rainbow Media Holdings, LLC.

The impact to Rainbow National Services, LLC's Ba2 corporate family rating and speculative grade liquidity rating of SGL-1 are uncertain, pending the proposed structure of the debt financing and impact on leverage, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.