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12-15-08, 08:10 AM
Moody's Investors Service lowered its credit rating on Charter Communications Inc. by two notches Friday after the company said it will hold discussions with bondholders in order to shore up its finances. The ratings agency said it believes a default is imminent and bankruptcy is likely for Charter in 2009. Any bankruptcy almost certainly would be reorganizational, rather than a liquidation, which means customers wouldn't necessarily see an immediate change in service. St. Louis-based Charter, ...
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