- Language: English
- Published: December 2012
- Region: Great Britain, United Kingdom
Mediacom $1.3 Billion Bank Loan Rated 'BB+'; Other Ratings Affirmed, Off Watch May 01
- Published: May 2001
- Standard & Poors
NEW YORK (Standard & Poor's CreditWire) May 29, 2001--Standard & Poor's today assigned its double-'B'-plus bank loan rating to the $1.3 billion senior secured credit facilities at Mediacom Broadband Group, the borrowing entity created for the pending acquisition of 840,000 cable subscribers from AT&T Corp. A double-'B' corporate credit rating was also assigned to Mediacom Broadband Group. At the same time, Standard & Poor's affirmed its ratings on Mediacom LLC (Mediacom) and related entities and removed these ratings from CreditWatch negative (see list below). The outlook is stable. The ratings were placed on CreditWatch on Feb. 28, 2001, when Mediacom announced its intention to purchase 840,000 cable subscribers from AT&T for $2.2 billion. The CreditWatch cited the potential for a...
Companies mentioned in this report are: Mediacom Communications Corp.,Mediacom Capital Corp.,Mediacom Broadband Group
Action: Various Rating Actions
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Mediacom Communications Corp.,Mediacom Capital Corp.,Mediacom Broadband Group