DBRS Rates Cogeco Cable Inc.’s $300 Million Debt Issue BBB (low), Stable Trend

DBRS has today assigned a rating of BBB (low) to the $300 million Senior Secured Debentures, Series 1 (the Debentures) issued by Cogeco Cable Inc. (Cogeco Cable or the Company), due in five years. The trend is Stable.

The Debentures will be issued under Cogeco Cable’s Prospectus Supplement to the Short Form Base Shelf Prospectus dated May 27, 2009. The Debentures will be secured obligations of Cogeco and will rank equally with all other secured obligations of the Company.

DBRS expects Cogeco Cable to use the proceeds from this issue for general corporate purposes, including repaying existing indebtedness.

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 rating.