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It's about that time of year again, with Moody's downgrading Charter, stating that a default is imminent and bankruptcy is likely for Charter in 2009. According to the ratings agency, any bankruptcy would be "re-organizational" as opposed to liquidation, meaning customers might not be impacted. Charter CEO Neil Smit, as you'd expect, remains optimistic in a statement to the press:
Here, theses Cable Company's have a Great asset with Contractors and all they can do is Screw US, like Mediacom has done to us in Iowa. .............
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