The ratings on Quincy, Mass.-based Atlantic Broadband Finance LLC (Atlantic) reflect a highly leveraged financial profile, aggressive competition from the direct-to-home (DTH) satellite TV providers for video services and local telephone companies for high-speed data services, integration risks associated with the November 2006 acquisition of G-Force's 21,000 subscribers in South Carolina, cost disadvantages from small company size, and exposure to the below-average growth potential of the western Pennsylvania cluster. Tempering factors include the company's second-tier markets, which provide some protection from the local telephone companies aggressively deploying facilities-based video offerings in the intermediate term, the company's position as the dominant provider of pay-TV services in its markets, and growth potential from high-speed data, digital video services, and cable telephony. Atlantic's
