S&P revised its outlook on Charter [CHTR] to "positive" from "developing," based on the MSO’s improved maturing profile following its April ’04 refinancing. Operating improvement and a slowing rate of basic sub losses also factored into the revision. "Nevertheless, the ratings are still dominated by very high financial risk from elevated leverage, negative discretionary cash flow, and pressure from rising debt maturities, including $588mln in convertible debt due in ’05," S&P said.

The Daily

Subscribe

Editor’s Note

Cablefax Daily will not publish Monday because of

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up