Rainbow Rates with S&P - Multichannel

Rainbow Rates with S&P

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Standard & Poor's said Friday that it assigned its "BB+" rating to
Rainbow Media Group's $280 million secured-bank-loan facilities.

Rainbow is a wholly owned subsidiary of Cablevision Systems Corp.

S&P also assigned its "BBB-" rating to $70 million of secured bank
facilities available to three Rainbow subsidiaries: American Movie Classics Co.,
The Independent Film Channel LLC and Women's Entertainment LLC.

At the same time, a "BB" corporate credit rating was assigned to both Rainbow
and the three subsidiaries.

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