New York, July 31, 2014 -- Moody's Investors Service assigned a Ba1 rating to the proposed first lien credit facility of Charter Communications Operating LLC (CCO), a wholly owned subsidiary of Charter Communications, Inc. (Charter). The company expects to use proceeds of the proposed $8.4 billion of term loans primarily to fund the purchase of assets pursuant to its April 25, 2014, agreement with Comcast Corporation (A3 positive) and to pay related fees and expenses. Moody's also affirmed Charter's Ba3 Corporate Family Rating and updated instrument ratings as shown based on revisions in the debt mix.
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