U.S. cable-TV provider Atlantic Broadband Finance is planning to issue first- and second-lien term loans and a revolving credit facility. We are assigning our 'B+' issue-level rating and '3' recovery rating to the first-lien debt and our 'B-' issue rating and '6' recovery rating debt to the proposed second-lien debt. In addition, we are affirming our 'B+' corporate credit rating on the company despite the increase in leverage to 7x, pro forma for the transaction. The stable outlook is based on our expectation for continued meaningful free operating cash flow generation. NEW YORK (Standard&Poor's) March 22, 2012--Standard&Poor's Ratings Services today assigned its 'B+' issue-level rating and '3' recovery rating to Quincy, Mass.-based cable-TV provider Atlantic Broadband
