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.