U.S. incumbent cable provider Midcontinent Communications has announced that it plans a $50 million add-on to its existing $200 million term loan A and $50 million add-on to its $350 million term loan B. We are affirming our 'B+' rating on the company's senior secured debt. We also affirmed our 'B+' corporate credit rating on the company. The stable outlook reflects our expectations that Midcontinent will benefit from solid growth in advanced video, HSD, and telephony services in the near term and that competitive dynamics in its territories remain favorable. NEW YORK (Standard&Poor's) Aug. 16, 2011--Standard&Poor's Ratings Services said today that it affirmed its 'B+' senior secured issue-level rating on Minneapolis-based incumbent cable provider Midcontinent Communications
