TORONTO (Standard&Poor's) June 5, 2009--Standard&Poor's Ratings Services today said it assigned its debt issue and recovery ratings to Montreal-based Cogeco Cable Inc.'s proposed C$300 million 5.95% senior secured debentures series 1 due June 9, 2014. We rate the notes at 'BBB-' (two notches higher than the corporate credit rating on Cogeco Cable), with a recovery rating of '1', indicating lenders can expect very high (90%-100%) recovery in the event of a payment default. The notes are being issued under the company's C$500 million short-form base shelf prospectus filed May 20. The net proceeds will be used to reduce balances outstanding under the company's revolving credit facilities. "The 'BB' long-term corporate credit rating and stable outlook on
