TEXT-S&P rates Cincinnati Bell revolving credit facility 'BB-'
Nov 2 - Standard & Poor's Ratings Services assigned on Oct. 30, 2012 its 'BB-' issue-level rating and '1' recovery rating to Cincinnati-based Cincinnati Bell Inc. (CBI)'s proposed $200 million revolving credit facility due 2017. The '1' recovery rating indicates our expectation for very high (90% to 100%) recovery for lenders in the event of a payment default. CBI will be refinancing its existing $210 million revolving credit facility due 2014. In addition, we expect the company to repay all o