Moody's affirms WideOpenWest

Moody's Investors Service said it affirmed its ratings for WideOpenWest Finance, LLC, including the company's B3 corporate family and probability of default ratings, B2 senior secured first-lien ratings and Caa2 senior secured second-lien rating.

The outlook remains stable.

Affected ratings include the company's B2, LGD3, 40% senior secured revolving credit facility due 2013; B2, LGD3, 40% senior secured first-lien term loan due 2014; and Caa2, LGD6, 91% senior secured second-lien term loan due 2015.

Moody's said that ratings broadly reflect the company's high financial leverage (7.9x debt-to-EBITDA as of June 30), negative free cash flow generation, tightening liquidity and heightened competition from larger cable, telecom, and direct broadcast satellite operators.

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