DBRS Rates Shaw Communications’ Planned 30-Year Notes Issue BBB, Stable Trend

DBRS has today assigned a rating of BBB to the planned senior unsecured notes (the Notes) issue of Shaw Communications Inc. (Shaw or the Company). The trend is Stable.

The Notes will be issued under Shaw’s $2.5 billion universal shelf prospectus dated March 11, 2009, and are expected to mature in 2039. The Notes will be unsecured obligations of Shaw and rank equally and ratably with all of Shaw’s existing and future senior unsecured indebtedness.

DBRS expects Shaw to use the proceeds from this Notes issue for general corporate purposes, working capital, capital expenditures and wireless investments.

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 (Telecom/Media/Technology) rating.