Charter to Acquire Bright House Networks for $10.4 Billion
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Charter Communications' (CHTR) Move to Acquire Bright House is Credit-Positive Development - Moody's
March 31, 2015 5:00 PM EDTMoody's says the announced plan of Charter Communications, Inc. (Charter) (Nasdaq: CHTR) to acquire Bright House Networks (Bright House) for $10.4 billion does not impact Charter's Ba3 Corporate Family Rating (CFR). The transaction would favorably expand scale and reduce leverage relative to our expectations for Charter following its previously announced transaction with Comcast Corporation (Comcast, A3 positive) and Time Warner Cable, Inc. (TWC, Baa2 on review for possible upgrade), but also elevate operational risk.
The acquisition of BrightHouse would bring an upgraded asset base and footprint with higher customer penetration than Charter's existing... More
S&P Places Charter Communications (CHTR) on CreditWatch Positive
March 31, 2015 3:29 PM EDTStandard & Poor's Ratings Services today said it placed all of its ratings, including its 'BB-' corporate credit rating, on Charter Communications Inc. (Nasdaq: CHTR), on CreditWatch with positive implications.
"The positive CreditWatch listing reflects our view of Charter's materially increased scale and improved leverage metrics pro... More
