Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed - S&P Global Ratings’ Credit Research

Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed

Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed - S&P Global Ratings’ Credit Research
Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed
Published May 28, 2009
790 words — Published May 28, 2009
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Abstract:

-- Standard&Poor's affirmed its 'B+' corporate credit rating on regional cable TV provider Atlantic Broadband. -- We also assigned 'BB-' issue-level and '2' recovery ratings to Atlantic's proposed new revolver and term loan B which are being issued under the existing senior secured credit facility. -- We are raising the issue level rating on the existing revolver and term loan B to 'BB-' from 'B+'. -- The outlook is stable, based on our 2009 expectations for leverage declining modestly to the mid-5x range and meaningfully free cash flow in the year. NEW YORK (Standard&Poor's) May 28, 2009--Standard&Poor's Ratings Services said today it affirmed the 'B+' corporate credit rating on Quincy, Mass.-based regional cable TV

  
Brief Excerpt:

RESEARCH Atlantic Broadband New Term B, Revolver Rated '##-'; 'B+' Corporate Credit Rating Affirmed Publication date: 28-May-2009 Primary Credit Analyst: Naveen Sarma, New York (1) 212-438-7833; naveen_sarma@standardandpoors.com --...

  
Report Type:

Ratings Action

Ticker
239207Z
Issuer
Cogeco US Finance, LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed" May 28, 2009. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-New-Term-B-Revolver-Rated-BB-B-Corporate-Credit-Rating-Affirmed-724280>
  
APA:
S&P Global Ratings’ Credit Research. (). Atlantic Broadband New Term B, Revolver Rated 'BB-'; 'B+' Corporate Credit Rating Affirmed May 28, 2009. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Atlantic-Broadband-New-Term-B-Revolver-Rated-BB-B-Corporate-Credit-Rating-Affirmed-724280>
  
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