Our 'B+' rating on Midcontinent Communications is derived from: Our anchor of 'bb+', based on "satisfactory" business risk and "significant" financial risk profile assessments for the company. Financial policy was assessed as negative, lowering the anchor by two notches based on a potential dissolution of the company's partnership with Comcast Corp. Comparable ratings analysis was assessed as negative, lowering the anchor by an additional notch, primarily based on our view that Midcontinent's relative ranking is at the lower end of the "satisfactory" business risk assessment. Small scale and low system densities; Mature revenue growth prospects from basic video services; Competitive pressures from satellite TV providers, incumbent phone companies, and cable overbuilders; Dominant provider of pay TV services in its markets;
