On Feb. 26, 2009, Standard&Poor's Ratings Services placed its ratings on Quincy, Mass.-based cable TV provider Atlantic Broadband Finance LLC, including the 'B' corporate credit rating, on CreditWatch with positive implications. This action affects about $669 million of rated debt. This action follows Atlantic Broadband's improving operating and financial performance over the past few years. Over this period, the company has moderated annualized subscriber losses to around 1% from about 4% in 2005, reported continued double-digit high-speed data subscriber growth, and successfully launched telephone services across the majority of its markets. As a result, free cash flow has grown while leverage, including the preferred units at the parent, Atlantic Broadband Group LLC, has declined to around 6x, as
