NEW YORK (Standard&Poor's) March 1, 2006--Standard&Poor's Ratings Services said that its ratings and outlook on Atlantic Broadband Finance LLC (Atlantic; B/Negative/--) are not affected by the company's proposed amendment of its $395 million senior secured credit facility. The amendment will maintain the existing 7x total leverage and 5x senior leverage covenants through 2006 and modify the schedule of step-downs through mid-2009; these covenants were scheduled to tighten for the quarter ending March 1, 2006. The amendment also will increase permitted capital expenditures to enable Atlantic to launch voice over Internet protocol (VoIP) telephony, which should boost service offering attractiveness. While the amendment provides near-term covenant relief, the company still suffers from weak operating performance, characterized by
