NEW YORK (Standard&Poor's) Feb. 24, 2011--Standard&Poor's Ratings Services said today that it assigned its 'B+' issue-level rating and '3' recovery rating to Quincy, Mass.-based cable TV provider Atlantic Broadband Finance LLC's proposed $555 million senior secured term loan B due 2016. The '3' recovery rating indicates our expectations for meaningful (50%-70%) recovery in the event of a payment default. The company intends to use the proceeds to repay the existing $575 million term loan B ($555 million outstanding). We will withdraw the rating on the existing term loan when the transaction closes. The company's 'B+' corporate credit rating and stable outlook remain unchanged. (For the complete corporate credit rating rationale, see the research update on Atlantic
