06.02.2014 20:07:00

NBCUniversal Enterprise, Inc -- Moody's assigns NBCUniversal Enterprise, Inc. a Prime-2 short term rating for its commercial paper program

New York, February 06, 2014 -- Moody's Investors Service assigned NBCUniversal Enterprise, Inc. ("Holdco"- A3 senior unsecured, positive outlook) a Prime-2 short term rating for its newly established commercial paper program. NBCUniversal Enterprise, Inc. is an indirect, consolidated subsidiary of Comcast Corporation ("Comcast" - A3 senior unsecured, Prime-2, positive outlook) whose primary assets are its common and preferred ownership interests in NBCUniversal, LLC (the parent company of NBCUniversal Media, LLC -- "NBCU"). The $1.35 billion commercial paper program is expected to be used for general corporate purposes and is backstopped by Holdco's $1.35 billion senior unsecured revolving credit facility expiring in March 2018. The credit facility has same day availability, no material adverse change clause and we anticipate the company will maintain ample cushion under the facility's 5.75x leverage covenant.

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