New York, August 05, 2016 -- Moody's Investors Service has affirmed the B2 corporate family rating (CFR) of WideOpenWest Finance, LLC (WOW) and assigned a B1 rating to WOW's proposed $2.1 billion senior secured term loan. Moody's also downgraded WOW's existing senior secured revolving credit facilities to B1 from Ba3 prior. WOW will use the proceeds from the transaction to repay its existing $1.8 billion term loan, fund the $56 million acquisition of NuLink, and repay about $160 million of senior subordinated notes. The repayment of subordinated debt will reduce the structural support provided to the secured debt and result in a one notch downgrade to B1. Moody's has also affirmed the company's, Caa1 senior unsecured and senior subordinated ratings, and B2-PD Probability of Default Rating. The outlook remains stable.

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