Home Credit Ratings and Research S&P Global Ratings’ Credit Research Cogeco US Finance, LLC

Summary: Atlantic Broadband Finance LLC

Published Apr 01, 2014

2125 words — Published Apr 01, 2014

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About This Report

Abstract:

Standard&Poor's Ratings Services derives its 'BB-' corporate credit rating on Atlantic Broadband Finance LLC from: Our anchor of 'b+' based on our "satisfactory" business risk and "highly leveraged" financial risk profile assessments for the company. Our modification of the rating upward by one notch because of the group rating methodology. The final rating of 'BB-' is one notch above the stand-alone credit profile based on our view that Atlantic Broadband is moderately strategic to its 'BB+' rated owner, Cogeco Cable Inc. Revenue visibility from cable's subscription-based business model; Highest residential data speeds in the majority of its markets; Growth from high speed data (HSD) expected to offset continued video erosion; Above average EBITDA margin; Limited current overlap with

Brief Excerpt:

RESEARCH Summary: Atlantic Broadband Finance LLC Publication date: 01-Apr-2014 Primary Credit Analyst: Richard C Siderman, San Francisco (1) 415-371-5034; richard.siderman@standardandpoors.com Secondary Contact: Michael P Altberg,...

Report Type:

Summary

Ticker

239207Z

Issuer

Cogeco US Finance, LLC

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable – 2015/03/27 – US$ 150.00

Research Update: Atlantic Broadband Finance LLC 'BB-' Corporate Credit Rating Affirmed On Improved Credit Metrics; Outlook Stable – 2015/03/27 – US$ 225.00

Bulletin: Atlantic Broadband Finance LLC's Plan To Acquire MetroCast Connecticut Assets Has No Immediate Ratings Impact – 2015/06/08 – Free

Cogeco Communications (USA) Inc. Proposed $1.85 Billion First-Lien Facility Rated 'BB-' (Recovery Rating: 3) – 2017/07/27 – US$ 150.00

Cogeco Communications (USA) Inc. – 2023/03/10 – US$ 500.00

Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+' – 2013/01/25 – US$ 150.00

Research Update: Atlantic Broadband CCR Raised To 'BB-' From 'B+'; Secured Debt Lowered To 'BB' From 'BB+' – 2013/01/25 – US$ 225.00

Atlantic Broadband 'BB+' Senior Secured Debt Rating Placed On Watch Negative – 2012/12/21 – US$ 150.00

Bulletin: Atlantic Broadband Finance LLC Ratings Not Affected By Its Acquisition By Cogeco – 2012/12/05 – Free

Summary: Atlantic Broadband Finance LLC – 2012/10/18 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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. "Summary: Atlantic Broadband Finance LLC" Apr 01, 2014. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlantic-Broadband-Finance-LLC-1289155>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Atlantic Broadband Finance LLC Apr 01, 2014. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlantic-Broadband-Finance-LLC-1289155>

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