-- We have assigned our 'BBB-' issue-level and '1' recovery ratings to CSC Holdings Inc.'s amended and extended credit facility. -- We have affirmed all other ratings on Cablevision and subsidiaries, including the `BB' corporate credit rating. -- The negative outlook incorporates that the company faces the pressure on its core cable customer base from FiOS, both in terms of subscriber churn and pricing, as well as concerns about the company's financial policy. SAN FRANCISCO (Standard&Poor's) June 2, 2009--Standard&Poor's Ratings Services said today it assigned its 'BBB-' issue-level and '1' recovery ratings to CSC Holdings Inc.'s amended and extended credit facility. Under terms of the amendment, the company will extend the maturity of about $1.2 billion
