DBRS Assigns A (low) Rating to Bell Canada’s $1 Billion MTN Debentures Issuance

DBRS has today assigned a rating of A (low) to Bell Canada’s issuance of $1 billion 3.6% Medium-Term Note (MTN) Debentures maturing on December 2, 2015. The trend is Stable.

This debt issuance was initiated by Bell Canada today for settlement on or around December 2, 2010. The MTN Debentures will be issued by way of supplement to its Short Form Base Shelf Prospectus and Prospectus Supplement dated September 3, 2009 and September 4, 2009, respectively, and reference the trust indenture dated November 28, 1997.

DBRS expects Bell Canada to use the proceeds from this issue for general corporate purposes, including the pre-funding of debt repayments.

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.