S&P cuts Mediacom outlook to negative

Standard & Poor's said it revised its outlook on Mediacom Communications Corp. to negative from stable.

The agency said it also revised the outlook on Mediacom's subsidiaries, Mediacom Broadband Group and Mediacom Broadband LLC, to negative from stable.

At the same time, the agency said it affirmed its ratings on the company, including the B+ corporate credit rating.

"The ratings on Mediacom reflect an aggressive financial profile, a mature core basic video services business with modest revenue growth prospects, and below-industry-average high-speed data and telephony penetration," said S&P credit analyst Naveen Sarma.

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