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Time Warner, TW Cable Rating Cut

Mar 30, 2009  •  Post A Comment

Standard & Poor’s cut the its rating on debt issued by Time Warner and Time Warner Cable, Dow Jones reports. TW Cable’s new rating is two steps above the junk category because it borrowed to pay a $10.86 billion special dividend. The rating agency says that by separating from its cable unit, it has lost its “most predictable source of growth,” according to the news service.
—Jon Lafayette

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