DBRS Assigns BBB (high) Rating to Bell Aliant’s $350 Million Notes Issuance

DBRS has today assigned a rating of BBB (high) to the $350 million 4.37% Senior Unsecured Debt issued by Bell Aliant Regional Communications, Limited Partnership (Bell Aliant or the Company), maturing on September 13, 2017. The trend is Stable.

This debt issuance was initiated by Bell Aliant today by way of a pricing supplement under its $1.5 billion medium-term note short-form base shelf prospectus dated April 28, 2009. DBRS expects this issue to close on or near September 13, 2010.

DBRS expects Bell Aliant to use the proceeds from this issue to partially redeem its $750 million 4.72% notes due September 26, 2011, and for general corporate purposes.

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

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