S&P ups Cogeco Communications

S&P said it upgraded all of Cogeco Communications (USA) Inc.’s ratings by one notch, including the issuer credit rating to BB from BB-. The company does business as Atlantic Broadband.

The upgrade is attributed to the company’s increased strategic importance to its parent Cogeco Communications Inc., raising the likelihood of support in times of stress, S&P said.

The outlook is stable.

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