Moody's affirms Cable One's Ba3 CFR, downgrades notes to B2, outlook remains stable
New York, January 18, 2017-- Moody's Investors Service affirmed Cable One, Inc.' s Ba3 corporate family rating and Ba3 probability of default rating following the company's announcement to acquire Telecommunications Management, LLC for approximately $735 million, including debt. Moody's also downgraded the company's unsecured rating to B2 from B1, as the company is expected to raise a significant amount of secured debt to finance the acquisition, which will rank ahead of the...
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