S&P: WideOpenWest view stable

Standard & Poor's said it revised its outlook on WideOpenWest Finance LLC to stable from positive. The agency also said it affirmed its B- corporate credit rating.

The company had previously planned to acquire an unidentified cable system and issued $250 million as an add-on to its first-lien term loan. But given that the acquisition was not consummated and the company used only a portion of the final proceeds for debt reduction, the resultant elevated leverage of about 7x is not supportive of a

positive outlook, S&P said.

The agency said it remains concerned that the company could use existing cash balances to fund a distribution to its shareholders.

The ratings continue to reflect a high degree of business risk due to the company's vulnerable market position, S&P said.

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