Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+' - S&P Global Ratings’ Credit Research

Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+'

Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+' - S&P Global Ratings’ Credit Research
Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+'
Published Jan 25, 2013
Published Jan 25, 2013
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We believe Quincy, Mass.-based cable operator Atlantic Broadband Finance LLC could receive minimal credit support from owner Cogeco Cable Inc. if it were to face financial duress, though we do not anticipate the owner would ultimately intercede in the event of an Atlantic Broadband default. We are raising the corporate credit rating on Atlantic Broadband to 'BB-' from `B+' and removing it from positive CreditWatch. In addition, we lowered the issue-level rating on Cogeco Cable II L.P. and Atlantic Broadband (Penn) Holdings Inc.'s $710 million of secured debt to 'BB' from 'BB+' and removed the rating from CreditWatch negative. Our current view of imputed Cogeco support is consistent with a one-notch uplift of Atlantic Broadband's stand-alone credit profile; we had

  
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 CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+'" Jan 25, 2013. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-CCR-Raised-To-BB-From-B-Secured-Debt-Lowered-To-BB-From-BB-1067591>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+' Jan 25, 2013. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-CCR-Raised-To-BB-From-B-Secured-Debt-Lowered-To-BB-From-BB-1067591>
  
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