Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-' - S&P Global Ratings’ Credit Research

Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-'

Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-' - S&P Global Ratings’ Credit Research
Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-'
Published May 28, 2009
Published May 28, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's affirmed the 'B+' corporate credit rating on regional cable TV provider Atlantic. We also assigned 'BB-' issue-level and '2' recovery ratings to Atlantic's proposed new revolver and term loan B, which are being issued under the existing senior secured credit facility. We are raising the issue level rating on the existing revolver and term loan B to 'BB-' from 'B+'. The outlook is stable, based on our 2009 expectations for leverage declining modestly to the mid-5x range and meaningfully free cash flow in the year. On May 28, 2009, Standard&Poor's Ratings Services affirmed the 'B+' corporate credit rating on Quincy, Mass.-based regional cable TV provider Atlantic Broadband Finance LLC (Atlantic). We also assigned 'BB-' issue-level

  
Report Type:

Research Update

Ticker
239207Z
Issuer
Cogeco US Finance, LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-'" May 28, 2009. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-B-Corp-Credit-Rating-Affirmed-New-Term-B-Revolver-Rated-BB-Existing-Debt-Raised-To-BB-724281>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Atlantic Broadband 'B+' Corp. Credit Rating Affirmed; New Term B, Revolver Rated 'BB-'; Existing Debt Raised To 'BB-' May 28, 2009. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-B-Corp-Credit-Rating-Affirmed-New-Term-B-Revolver-Rated-BB-Existing-Debt-Raised-To-BB-724281>
  
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