Moody's affirms Cable One's Ba3 secured ratings and assigns B2 to new notes on $800m refinancing; Ba3 CFR affirmed and outlook is stable
Rating Action: Moody's affirms Cable One's Ba3 secured ratings and assigns B2 to new notes on $800 m refinancing; Ba3 CFR affirmed and outlook is stable. Global Credit Research- 26 Oct 2020. New York, October 26, 2020-- Moody's Investors Service affirmed Cable One, Inc.' s Ba3 Corporate Family Rating, affirmed the Ba3 Senior Secured Bank Credit Facility, and upgraded the Company's Probability of Default Rating to Ba3-PD, from B1-PD.Cable One is a provider of data, video and voice services. The company's products include: Residential Data Services, which provide data plans to its residential customers; Residential Video Services, which provide a variety of residential video services, generally ranging from a basic video service to a digital service with access to various channels; Residential Voice Services, which include local and long-distance calling, voicemail, call waiting, three-way calling, caller ID, anonymous call rejection and other features; and Business Services, which provides services for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.
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