DBRS Assigns BB (high) Rating to the Proposed CSC Holdings $500 Million Notes Issue

DBRS has today assigned a rating of BB (high), with a recovery rating of RR2, to the proposed CSC Holdings, Inc. (CSC Holdings) $500 million senior unsecured notes issue announced today. The trend is Stable.

CSC Holdings has a BB (low) Issuer Rating by DBRS and is a wholly owned subsidiary of Cablevision Systems Corporation (Cablevision).

DBRS notes that the proceeds from this issue will be used to refinance a portion of the upcoming debt maturities of Cablevision and CSC Holdings.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Cable, which can be found on our website under Methodologies.

This is a Corporate rating.