Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable

Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable
Published Mar 27, 2015
7 pages (2182 words) — Published Mar 27, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We have revised our financial risk assessment on U.S. cable operator Atlantic Broadband Finance LLC to "aggressive" from "highly leveraged," reflecting our expectation that leverage will decline to less than 5x over the next year. We also revised our financial policy score to "negative" from "neutral" based on our expectation that the company could pursue acquisitions, which it would likely finance with additional debt. We have affirmed our 'BB-' corporate credit rating on Atlantic Broadband Finance LLC. The stable rating outlook reflects our expectation for good operating and financial performance such that leverage will decline to less than 5x. Still, ABB's financial policy, including the potential for debt-financed acquisition, will likely constrain longer-term leverage improvement. On March 26, 2015, Standard

  
Brief Excerpt:

...We have revised our financial risk assessment on U.S. cable operator Atlantic Broadband Finance LLC to "aggressive" from "highly leveraged," reflecting our expectation that leverage will decline to less than 5x over the next year....

  
Report Type:

Research Update

Ticker
239207Z
Issuer
Sector
Global Issuers
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable" Mar 27, 2015. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-Finance-LLC-BB-Corporate-Credit-Rating-Affirmed-On-Improved-Credit-Metrics-Outlook-Stable-1391198>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable Mar 27, 2015. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-Finance-LLC-BB-Corporate-Credit-Rating-Affirmed-On-Improved-Credit-Metrics-Outlook-Stable-1391198>
  
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