DBRS Releases Report on Corus Entertainment

DBRS has today released a report on Corus Entertainment Inc. (Corus or the Company) that provides further detail on the recent confirmation of the Company’s ratings at BBB and BBB (low) with a Stable trend.

The ratings confirmation is underpinned by Corus’s healthy business risk profile and reasonable financial risk profile, both of which have remained steady – even through the recent economic downturn – thanks to the diversity and cash-generative nature of the Company’s businesses.

DBRS notes that the greatest risk to the ratings is the fact that Corus remains acquisitive and has a tolerance for leverage higher than the current levels. While most of Corus’s acquisitions in recent years have been small and strategic in nature, a large transformational debt-financed acquisition could pressure its ratings. Barring any transformational acquisition, however, DBRS believes that Corus’s ratings will remain stable as it continues to licence or acquire small, strategic media operations that leverage its television and radio segments.

Today’s report and the February 16, 2011, press release are available at www.dbrs.com.