TORONTO (Standard&Poor's CreditWire) April 7, 1999--Standard&Poor's today affirms the ratings of Cogeco Cable Inc. (see list below), following the announcement that the company will acquire 64,000 basic cable customers in Southern Ontario for a purchase price of C$162.5 million, of which C$27.5 million may be paid in subordinate voting shares. The transaction is subject to the approval of the Canadian Radio-television and Telecommunications Commission. The rating affirmation reflects the strategic location of the purchased cable systems, which will facilitate the realization of both operating cost savings and revenue growth through the introduction of new products and services. The financial impact of the transaction is further tempered by Cogeco Cable's recent issuance of subordinate voting shares. Located
