Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed

Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed
Published Feb 02, 2007
Published Feb 02, 2007
Price US$ 225.00  |  Buy this Report Now

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Abstract:

On Feb. 2, 2007, Standard&Poor's Ratings Services revised its outlook on Quincy, Mass.-based Atlantic Broadband Finance LLC (Atlantic) to positive from negative. All ratings, including the 'B' corporate credit rating, on this cable television operator are affirmed. Atlantic had total funded debt outstanding, pro forma for its November 2006 acquisition of G-Force, of about $540 million as of Sept. 30, 2006. Atlantic acquired G-Force's 21,000 subscribers in South Carolina for $62 million. The acquisition was financed with $55 million in cash, which was raised by amending its existing bank facility, and a $7 million seller note. The outlook revision reflects an improved operating performance over the past few quarters, specifically a moderation of annualized subscriber losses to less

  
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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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed" Feb 02, 2007. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-Finance-LLC-Outlook-Revised-To-Positive-From-Negative-Ratings-Affirmed-560337>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Atlantic Broadband Finance LLC Outlook Revised To Positive From Negative; Ratings Affirmed Feb 02, 2007. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Atlantic-Broadband-Finance-LLC-Outlook-Revised-To-Positive-From-Negative-Ratings-Affirmed-560337>
  
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