Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3) - S&P Global Ratings’ Credit Research

Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3)

Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3) - S&P Global Ratings’ Credit Research
Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3)
Published Feb 14, 2007
Published Feb 14, 2007
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 14, 2007--Standard&Poor's Ratings Services said today it assigned a 'B' bank loan rating and a '3' recovery rating to Quincy, Mass.-based Atlantic Broadband Finance LLC's (Atlantic) proposed amended and restated $525 million senior secured credit facility. The '3' recovery rating indicates expectations for meaningful (50%-80%) recovery of principal in the event of payment default. (For the complete recovery analysis, see "Recovery Report: Atlantic Broadband Finance LLC's Amended $525 Million Secured Credit Facility," to be published on RatingsDirect immediately following the release of this report.) At the same time, we affirmed the existing ratings, including the 'B' corporate credit rating, on Atlantic, a regional cable provider. The outlook is positive. The new bank

  
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Ratings Action

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239207Z
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3)" Feb 14, 2007. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-Finance-LLC-s-Amended-525-Million-Loan-Rated-B-Recovery-Rtg-3-562129>
  
APA:
S&P Global Ratings’ Credit Research. (). Atlantic Broadband Finance LLC's Amended $525 Million Loan Rated 'B'; (Recovery Rtg: 3) Feb 14, 2007. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-Finance-LLC-s-Amended-525-Million-Loan-Rated-B-Recovery-Rtg-3-562129>
  
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