S&P rates Mediacom Broadband revolver BB

Standard & Poor’s said it assigned its BB issue-level rating and 2 recovery rating to Mediacom Broadband Group’s new $216 million revolving credit facility due 2019.

The company's existing $216 million revolver matures Dec. 31, 2016. The 2 recovery rating indicates an expectation of substantial (70% to 90%) recovery for lenders in the event of a payment default.

All other ratings on Mediacom, including the BB- corporate credit rating on parent Mediacom Communications Corp., are unaffected.

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