S&P Global Ratings recently conducted a review of the cable sector resulting in a more favorable view of rural providers and the industry overall given the increasing importance of high-speed data. Therefore, we are affirming all our ratings on Cable One Inc., including the 'BB' issuer credit rating, and revising the outlook to positive from stable. In addition, we are loosening our upgrade threshold to 3x from 2.5x. The positive outlook reflects our expectation for continued strong operational performance and the potential for an upgrade over the next 12 months if we believe the company is able to reach broadband penetration of 35% on mid-single-digit-percent broadband subscriber growth. Our net adjusted leverage metric proportionately consolidates Cable One's 45% equity stake
