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Moody's keeps stable outlook on Charter debt sales

Published 09/11/2017, 03:06 PM
© Reuters.  Moody's keeps stable outlook on Charter debt sales
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  • Moody's has given a Ba1 rating to proposed notes from Charter Communications (CHTR -2.4%), which has been loading up on debt this month, in part to have cash available for buybacks.
  • The firm is maintaining a Ba2 corporate family rating on Charter, supported by "the company's large scale and moderate leverage" even after acquiring Time Warner Cable and Bright House Networks.
  • Moody's expects Charter's debt-to-EBITDA to stay below 4.5x over its rating horizon, and that Charter will continue to generate positive free cash flow and maintain liquidity.
  • Now read: Samsung (KS:005930) announces 11nm process, new VR partnered products


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