S&P: Mediacom unaffected by add-on

Standard & Poor’s said it all of the ratings on Mediacom group are unaffected by the $40 million add-on to the existing $216 million senior secured revolving credit facility due 2019 at Mediacom Broadband Group.

The rating on the revolver remains at BB and the recovery rating remains at 2, indicating 70% to 90% expected default recovery.

The borrowers under the revolving credit facility include subsidiaries of Mediacom Broadband LLC, a subsidiary of Mediacom Communications Corp.

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

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