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14.10.2014 19:54:00
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Hargray Communications Group, Inc. -- Moody's affirms Hargray's B2 CFR on dividend announcement
New York, October 14, 2014 -- Moody's Investors Service ("Moody's") affirmed Hargray Communications Group, Inc.'s ("Hargray" or "the company") B2 Corporate Family Rating ("CFR") and B3-PD probability of default rating upon the announcement of a $53 million tack-on to its 1st Lien Term Loan and a $60 million dividend to existing shareholders. Concurrently, the existing ratings on the 1st Lien Term Loan and the Revolver are affirmed at B2. The ratings outlook remains stable.
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