We are assigning our 'B+' corporate credit rating to U.S. incumbent cable operator Midcontinent. We are also assigning a 'B+' issue-level rating and '3' recovery rating to the company's proposed $675 million senior secured credit facilities. The stable outlook reflects that Midcontinent should continue to benefit from solid growth in advanced video, HSD, and telephony services in the near term and competitive industry dynamics remain favorable relative to other incumbent cable operators. NEW YORK (Standard&Poor's) July 7, 2010--Standard&Poor's Ratings Services said today it assigned its 'B+' corporate credit rating to Minneapolis-based Midcontinent Communications (Midcontinent). The outlook is stable. Additionally, we assigned a 'B+' issue-level rating and '3' recovery rating to the company's proposed $675 million senior
