TORONTO (Standard&Poor's) Aug. 14, 2007--Standard&Poor's Ratings Services today said it revised its outlook on Montreal, Que.-based cable TV operator Cogeco Cable Inc. to positive from stable. At the same time, we affirmed the ratings, including the 'BB' long-term corporate credit rating, on the company. At May 31, 2007, Cogeco Cable had about C$1.18 billion of debt outstanding. "The outlook revision reflects the substantial improvement in credit protection measures, continued strength at the company's Canadian operations, and the improved prospect of generating meaningful free cash flow," said Standard&Poor's credit analyst Madhav Hari. Specifically, adjusted debt leverage has improved to an intermediate level from a relatively aggressive level, driven largely by debt reduction from issuing equity
