S&P: Grande Communications view stable

Standard & Poor's said it revised its outlook on Grande Communications Holdings Inc. to stable from developing.

Ratings on the company, including the CCC+ corporate credit rating, were affirmed.

S&P said that while longer-term uncertainty still exists as to Grande's ability to compete against incumbent cable TV operator Time Warner Cable Inc., given expectations that Time Warner will deploy internet protocol telephony in Grande's markets, the company has alleviated S&P's concern about near-term business risk. Moreover, Grande's near-term liquidity, while limited, is adequate to support the current rating over the next year, the agency said.

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