DBRS Assigns BBB (low) Rating to Cogeco Cable’s $500 Million Shelf Program, Stable Trend

DBRS has today assigned a BBB (low) rating with a Stable trend to Cogeco Cable Inc.’s (Cogeco Cable or the Company) $500 million short form base shelf prospectus as dated May 20, 2009.

DBRS notes that Senior Secured Notes & Debentures issued under this prospectus would rank pari passu with all other senior secured indebtedness incurred by Cogeco Cable and hence carry a BBB (low) rating by DBRS.

DBRS expects Cogeco Cable to use any proceeds of issuances under this program for working capital and general corporate purposes, which may include the repayment of indebtedness.

As ratings are subject to change, subsequent confirmation of Cogeco Cable’s ratings will be provided by DBRS as any debt securities are issued under this prospectus.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Cable, which can be found on our website under Methodologies.

This is a Corporate (Cable & Satellite) rating.