DBRS Assigns BBB (low) Rating to Cogeco Cable Inc.’s $200 million Senior Secured Debentures Issuance

DBRS has today assigned a rating of BBB (low) to Cogeco Cable Inc.’s (Cogeco Cable or the Company) issuance of $200 million 5.15% Senior Secured Debentures maturing on November 16, 2020. The trend is Stable.

This debt issuance was initiated by Cogeco Cable today for settlement on or around November 16, 2010. The Notes were issued by way of supplement under the Company’s Short Form Base Shelf Prospectus dated May 27, 2009, and reference the trust indenture dated June 9, 2009.

DBRS expects Cogeco Cable to use the proceeds from this issue to redeem its $175 million Series B notes due in 2011 and for general corporate purposes.

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

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