Company's small scale and low systems densities Mature revenue growth prospects for basic video services Competitive pressures from direct-to-home (DTH) satellite providers, incumbent phone companies, and cable overbuilders Position as dominant provider of pay-TV services Programming and equipment purchasing agreement with 50% owner Comcast Solid profitability measures Total debt to EBITDA was around 4.2x as of Sept. 30, 2012 While credit measures are currently good relative to our financial risk assessment of "highly leveraged," the potential dissolution of Midcontinent's partnership with Comcast could ultimately lead to higher leverage The stable outlook reflects our view that Midcontinent will benefit from solid growth in advanced video and high-speed data (HSD) services in the near term. In addition, competitive dynamics in the company's
