Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable

Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable
Published May 18, 2016
10 pages (3593 words) — Published May 18, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. cable operator Charter Communications Inc. (Charter) has completed its acquisitions of Time Warner Cable Inc. and Bright House Networks. Pro forma for the transactions, we estimate adjusted debt to EBITDA of approximately 4.5x for 2016, with the potential to decline to the low-4x area in 2017 through organic EBITDA growth and the achievement of cost synergies. We are assigning our 'BB+' corporate credit rating to the new parent entity, CCH I LLC (new Charter), and discontinuing our 'BB-' corporate credit rating on Charter as this entity will no longer exist under the new legal structure. At the same time, we are raising our issue-level ratings on all secured debt at Charter Communications Operating LLC (CCO) and escrow entities to

  
Brief Excerpt:

...(Editor's Note: In the original version of this article published May 18, 2016, the business risk score was misstated in the Ratings Score Snapshot section. A corrected version follows.)...

  
Report Type:

Research Update

Ticker
CHTR
Issuer
Charter Communications Inc.
GICS
Alternative Carriers (50101010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable" May 18, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CCH-I-LLC-Assigned-BB-Corporate-Credit-Rating-Upon-Charter-Communications-Completion-Of-Acquisitions-Outlook-Stable-1768818>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: CCH I LLC Assigned 'BB+' Corporate Credit Rating Upon Charter Communications' Completion Of Acquisitions; Outlook Stable May 18, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CCH-I-LLC-Assigned-BB-Corporate-Credit-Rating-Upon-Charter-Communications-Completion-Of-Acquisitions-Outlook-Stable-1768818>
  
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