TORONTO (Standard&Poor's) April 9, 2009--Standard&Poor's Ratings Services today said it revised its outlook on Montreal-based cable TV service provider Cogeco Cable Inc. to stable from positive. At the same time, we affirmed the ratings, including the 'BB' long-term corporate credit rating on the company. At Feb. 28, 2009, Cogeco Cable had $1.2 billion of debt outstanding. "The outlook revision follows weak second-quarter fiscal 2009 results at the company's Portuguese cable operations Cabovisao-Televisao por Cabo S.A.," said Standard&Poor's credit analyst Madhav Hari. The outlook also reflects our concerns that subscriber growth and cash flows at this subsidiary, which accounts for about 20% of total revenue, could deteriorate in the next several quarters owing to heightened
