Downgrades face 5 cablers

Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded.

As much as $ 2 billion in debt could be affected by the move.

The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc.

The review was based on the impact expected from the recent cable legislation that would likely “result in a significant one-time downward adjustment of revenues and cash flow, and the relative lack of diversity of each of the respective companies.”

As a result, Moody’s was concerned about the cable operators’ ability to cover their debt.

The legislation, which rolls back subscriber rates, will take effect in October.

Meanwhile, Moody’s also confirmed the long-term ratings of Tele-Communications Inc., Continental Cablevision Inc. and Comcast Corp., reflecting their financial flexibility, which allows them to better absorb the expected reduction in revenues and cash flows.

More TV

  • Anderson Cooper

    Anderson Cooper Slams Trump-Putin Presser as 'Disgraceful'

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • Vince Gilligan

    'Breaking Bad' Creator Vince Gilligan Sets New Deal With Sony Pictures Television

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • cardi b jay-z beyonce

    Cardi B, Beyonce, Jay-Z Lead 2018 MTV VMA Nominations

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • San Diego Comic Con Preview 2017

    Variety Announces Comic-Con Studio and Kick-Off Party With YouTube

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • POSE -- "Pink Slip" -- Season

    Our Staff Picks: TV Shows to Watch the Week of July 16, 2018

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • COSMOS SHIP OF THE IMAGINATIONEXPERIENCE Comic-Con

    'Cosmos' to Launch VFX Viewing Dome at Comic-Con

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

  • Jenna Dewan28th Annual Environmental Media Association

    Jenna Dewan Joins 'The Resident' Season 2 in Recurring Role

    Moody’s Investors Service put five cable companies on notice Friday that their bonds may be downgraded. As much as $ 2 billion in debt could be affected by the move. The New York bond rating agency targeted Adelphia Communications Corp., Cablevision Industries Corp., Cablevision Systems Corp., Century Communications Corp. and Jones Intercable Inc. The review […]

More From Our Brands

Access exclusive content