New York, August 05, 2014 -- Moody's Investors Service assigned an A3 rating to Comcast Corporation's ("Comcast" -- A3 senior unsecured, positive outlook) proposed new notes issuance. The new notes are split in two tranches, maturing in 2025 and 2034. The bonds will be issued by Comcast, the ultimate parent, and will rank equally with all other unsecured and unsubordinated indebtedness of the company. The bonds will be guaranteed by the Cable Guarantors (cable holding company subsidiaries) and NBCUniversal Media, LLC. Proceeds from the notes issuance will be used for general corporate purposes, including repayment of the company's $900 million 6.5% senior unsecured notes due in January 2015 and $1 billion 3.65% senior unsecured notes due in April 2015. Accordingly, we expect the transaction will be essentially leverage-neutral and will not materially impact the company's debt-to-EBITDA ratio. The rating outlook for Comcast is positive.

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