DBRS Rates Bell Aliant’s $350 million Notes Issue BBB (high), Stable Trend

DBRS) has today assigned a rating of BBB (high) with a Stable trend to Bell Aliant Regional Communications, Limited Partnership’s (Bell Aliant or the Company) recently announced Medium-Term Notes (MTN or Notes) issue.

This $350 million MTNs carry a coupon of 6.29% and mature on February 17, 2015. The Notes will be issued under Bell Aliant’s Short Form Prospectus dated April 28, 2009 and are direct, unconditional, unsubordinated obligations of Bell Aliant and rank pari passu among themselves and equally with all other unsecured obligations of the Company.

DBRS expects Bell Aliant to use the proceeds from this issue to repay existing debt and for general corporate purposes.

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 (Telecommunications) rating.