On Feb. 14, 2007, Standard&Poor's Ratings Services assigned a 'B' bank loan rating and a '3' recovery rating to Quincy, Mass.-based Atlantic Broadband Finance LLC's (Atlantic) proposed amended and restated $525 million senior secured credit facility. The '3' recovery rating indicates expectations for meaningful (50%-80%) recovery of principal in the event of payment default. At the same time, we affirmed the existing ratings, including the 'B' corporate credit rating, on Atlantic, a regional cable provider. The outlook is positive. The new bank facility will consist of a $435 million term loan B due 2012 and a $90 million revolving loan due 2010 and will replace the existing $445 million bank facility which included a $30 million term loan
