Fitch Affirms Cablevision’s Idr At ‘bb-‘; Outlook Revised To Stable – Yahoo Finance

Fitch considers CVC’s liquidity position and overall financial flexibility to be adequate given the current rating. The company’s liquidity position is supported by cash on hand totaling $907 million as of June 30, 2014 and available borrowing capacity from CSCH’s $1.5 billion revolver expiring April 2018. Fitch expects CVC’s financial flexibility will strengthen in line with its improving operating profile and FCF generation. CVC extended its maturity profile and reduced the volume of maturities between 2014 and 2017 after refinancing its credit facility in April 2013.


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