The 'B+' corporate credit rating on Quincy, Mass.-based cable television operator Atlantic Broadband Finance LLC (ABB) remains on CreditWatch where we placed with positive implications on June 20, 2012, when the proposed sale of ABB to Montreal-based cable operator Cogeco Cable Inc. (BB+/Stable/--; Cogeco) was announced. We expect the transaction to close by the end of 2012 at which time we expect to raise the rating on ABB to 'BB'. That prospective upgrade reflects our imputation of significant credit support from Cogeco. However, for a number of reasons, including the fact that Cogeco and ABB operate in different countries and that ABB will not share the same name or branding as Cogeco's cable operations, we will not consolidate the ratings
