CCO Safari III, LLC -- Moody's assigns Ba1 to Charter's proposed 1st lien senior secured term loan

New York, July 20, 2015 -- Moody's Investors Service assigned a Ba1 rating to the proposed 1st lien senior secured term loan (Term Loan H) of CCO Safari III, LLC (to be assumed by Charter Communications Operating, LLC) ("CCO"), a wholly owned subsidiary of Charter Communications, Inc. ("Charter"). The company expects to use proceeds to fund the purchase of assets pursuant to its May 26, 2015 agreement with Time Warner Cable, Inc. ("TWC") (Baa2, review for downgrade) and Bright House Networks ("BHN"). Charter Communications Operating, LLC's Baa3 senior secured credit facility rating remains on review for downgrade. The proposed term loan will be pari passu with CCO Safari II, LLC's recently issued $15.5 billion senior secured notes. All other Charter ratings, including Charter's Ba3 Corporate Family Rating (CFR), remain on review for upgrade.

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