...NEW YORK (S&P Global Ratings) Oct. 2, 2018--S&P Global Ratings today assigned its '##' issue-level rating and '1' recovery rating to Long Island City, N.Y.-based cable provider CSC Holdings LLC's proposed senior secured credit facility and guaranteed notes. The '1' recovery rating indicates our expectation of very high recovery (90%-100%; rounded estimate: 90%) to lenders in the event of a payment default. The issues consist of $1.1 billion 5.375% guaranteed notes due 2023, $1.5 billion 5.5% guaranteed notes due 2026, and $1.275 billion senior secured term loan B-3 due 2026. At the same time, we assigned our 'B-' issue-level rating and '6' recovery rating to CSC's proposed senior unsecured notes. The '6' recovery rating indicates our expectation of negligible recovery (0%-10%; rounded estimate: 0%) to lenders in the event of a payment default. The issues consist of $750 million 5.125% notes due 2021, $500 million 5.125% notes due 2021, $620 million 7.75% notes due 2025, and $1.05 billion...
