 |
Prospector
Profile
3-8-003
|
| |
| Charter Communications, Inc. |
NAICS |
517510 |
| 12405 Powerscourt Drive,
St. Louis, MO 63131 |
Description |
Telecommunications |
| (314) 965-0555 |
Employees |
15500 |
| http://www.charter.com/ |
Revenue |
(mil) |
6002.0000 |
| |
Income |
(mil) |
1616.0000 |
| |
Assets |
(mil) |
14666.0000 |
| |
Liability |
(mil) |
22558.0000 |
| |
(for the year ended 2007-12-31) |
| |
|
Category:
Low Rating
|
| |
|
Event:
Fitch Ratings has placed Charter Communications, Inc.'s 'CCC' Issuer Default Rating and the IDRs and individual issue ratings of Charter's subsidiaries on Rating Watch Negative. Approximately $19.9 billion of debt outstanding as of December 31, 2007 is effected by Fitch's action. The Rating Watch reflects Fitch's concern that Charter will not have access to sufficient liquidity to fund its business and address approximately $237 million of non bank maturities in 2009. Charter's operations are dependant on continued access to its revolver and open access to capital markets as Fitch expects that Charter will continue to generate negative free cash flow throughout the ratings horizon. During 2007, Charter's free cash flow deficit was approximately $919 million. Fitch believes that available proceeds from Charter's revolver, totaling approximately $1.0 billion as of year-end 2007 along with existing cash and cash flow generated from operations will provide Charter sufficient funding to operate through year-end 2008 and into the early part
of 2009; however, Fitch anticipates that Charter will require approximately $700 million of additional financing to fund its business through 2009.
|
| |
|
Intellectual Property:
The Company provides a full range of advanced broadband services, including advanced Charter Digital Cable(R) video entertainment programming, Charter High-Speed(R) Internet access, and Charter Telephone(R). Charter Business(TM) similarly
provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, video and music entertainment services, and business telephone. The Company's advertising sales and production services are sold under the Charter Media(R) brand. [Company website]
|
| |
|
Description:
Charter Communications, Inc., is a broadband communications company and a publicly traded cable operator in the United States.
|
| |
|
Officers:
Paul G. Allen (Chair); Neil Smit (Pres., CEO, & Dir.); Michael J. Lovett (EVP & COO); Jeffrey T. Fisher (EVP & CFO); Robert A. Quigley (EVP & Chief Mktg. Officer); Grier C. Raclin (EVP, Gen. Counsel, & Sec.); Lynne E. Ramsey (SVP-HR); Eloise E. Schmitz (SVP-Strategic Planning); Kevin D. Howard (VP & Chief Acctg. Officer); Marwan Fawaz (Chief Technology Officer)
|
| |
|
Auditor:
KPMG LLP
|
| |
|
Securities:
Common Stock Symbol CHTR; NasdaqGM; 398,277,512 common shares outstanding as of January 31, 2008.
|
| |
| |
| |
| return to main page |
|
|
