The ratings on Quincy, Mass.-based cable TV provider Atlantic Broadband Finance LLC reflect a highly leveraged financial profile; aggressive competition from direct-to-home (DTH) satellite TV providers for video services and local telephone companies for high-speed data (HSD) and telephone services; and cost disadvantages from small company size. Tempering factors include the company's second-tier markets, which provide some protection from local telephone companies deploying facilities-based video offerings in the intermediate term; its position as the dominant provider of pay-TV services in its markets; and growth potential from advanced services, including HSD, digital video services, and cable telephone. Atlantic Broadband operates cable systems serving roughly 213,200 equivalent basic subscribers. As of Dec. 31, 2009, about 60% of the customers are in mature,
