Moody's affirms Atlantic Broadband

Moody's Investors Service said it affirmed Atlantic Broadband Finance, LLC's B2 corporate family rating, B2 probability of default rating and stable outlook.

Additionally, Moody's said it assigned an SGL-2 speculative-grade liquidity rating, reflecting the company's "good" liquidity profile as projected over the forward 12-month period.

Since debt-financing the company's G Force, LLC acquisition in November 2006 and subsequently issuing a debt-financed dividend to its private equity sponsors in March 2007, Atlantic Broadband has grown its subscriber base, upgraded and enhanced its product offerings throughout its multi-system network and improved operating performance, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.