DBRS Rates Bell Canada’s $3.0 Billion MTN Debentures Program at A (low), Stable Trend
DBRS has today assigned a rating of A (low) with a Stable trend to Bell Canada’s (the Company) MTN Debentures program as per its $3.0 billion short-form base shelf prospectus dated September 3, 2009, and prospectus supplement dated September 4, 2009.
As per the filing, MTN Debentures issued under this program will be unsecured and rank pari passu with all other unsecured and unsubordinated indebtedness of Bell Canada and will be issued under its November 28, 1997 trust indenture. In addition, these debentures will be fully and unconditionally guaranteed by BCE Inc.
As ratings are subject to change, subsequent confirmation of Bell Canada’s ratings will be provided by DBRS as debt securities are issued under this shelf prospectus.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Telecommunications, which can be found on our website under Methodologies.
This is a Corporate (Telecom/Media/Technology) rating.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.