On Aug. 14, 2007, Standard&Poor's Ratings Services revised its outlook on Montreal, Que.-based cable TV operator Cogeco Cable Inc. to positive from stable. At the same time, we affirmed the ratings, including the 'BB' long-term corporate credit rating, on the company. At May 31, 2007, Cogeco Cable had about C$1.18 billion of debt outstanding. The outlook revision reflects the substantial improvement in credit protection measures, continued strength at the company's Canadian operations, and the improved prospect of generating meaningful free cash flow. Specifically, adjusted debt leverage should improve to an intermediate level of about 2.9x at Aug. 31, 2007, from a relatively aggressive 4.8x at Aug. 31, 2006, driven largely by the debt reduction of C$288 million from
