NEW YORK (S&P Global Ratings) Dec. 2, 2019--S&P Global Ratings today said that its 'BBB-' issue-level rating and '1' recovery rating on Charter Communications Operating LLC's 4.8% secured notes due 2050 and 'BB' issue-level rating and '5' recovery rating on CCO Holdings LLC's 4.75% unsecured notes due 2030 are unaffected by Charter Communications Inc.'s proposed add-ons to these debt issues. The company plans to use the proceeds from these add-ons for general corporate purposes, which may include prefunding the repayment of all or a portion of its $2 billion 3.579% secured notes due 2020 or share repurchases. Our 'BB+' issuer credit rating on Charter Communications Inc. is unaffected because we expect this transaction to be largely leverage neutral. We continue
