London, 04 December 2013 -- Moody's today affirmed the B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) of Altice VII S.à.r.l. (''Altice VII'') as well as the existing B1 debt ratings at Altice Financing SA ("Altice Financing") and the B3 debt ratings at Altice Finco SA ("Altice Finco") At the same time Moody's assigned a (P)B1 rating to the proposed new issue of USD 1,285 million-equivalent in USD and EUR senior secured notes due 2021 at Altice Financing and a (P)B3 rating to the proposed new issue of USD 400 million in senior notes due 2023 at Altice Finco. Altice Financing and Altice Finco are finance subsidiaries of Altice VII. Proceeds from the new issues are expected to be used to finance Altice VII's previously announced acquisition of 88% of Tricom S.A. and Global Interlinks Ltd. (together, ''Tricom''), which Altice VII entered into an agreement to acquire on October 31, 2013 for USD 405 million, and the company's previously announced acquisition of a majority ownership in Orange Dominicana S.A. ("ODO"), which Altice VII entered into an agreement to acquire on November 26, 2013 for USD 1.4 billion. Proceeds from the offerings will initially be held in escrow pending receipt of regulatory and other approvals. Altice VII aims to close the acquisitions during the first quarter of 2014. Today's rating actions assume that both acquisitions are closed as currently envisaged.

Vollständigen Artikel bei Moodys lesen