S&P puts Harron Communications on watch

Standard & Poor’s said it affirmed its ratings, including the BB- corporate credit rating, on Harron Communications LP and placed them on CreditWatch with negative implications following the announcement that it plans to sell substantially all of its assets under MetroCast Communications of Connecticut LLC to Atlantic Broadband for $200 million.

“The CreditWatch placement reflects uncertainty surrounding Harron’s use of proceeds, which would likely consist of debt repayment or shareholder distributions,” said S&P credit analyst Rose Askinazi in a news release.

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