DBRS Rates Rogers Communications Inc.’s $1.85 Billion Notes Issue BBB, Stable Trend

DBRS has today assigned a BBB rating with a Stable trend to Rogers Communications Inc.’s (RCI) announced issue of $1.85 billion of senior unsecured notes (the Notes). The Notes consist of two tranches: (1) $1.45 billion 5.340% notes maturing on March 22, 2021, and (b) $400 million 6.56% notes maturing on March 22, 2041. Both issues are expected to settle on March 21, 2011. The Notes will rank pari passu with all of RCI’s other senior unsecured obligations.

DBRS expects RCI to use the net proceeds from the debt issuance for general corporate purposes.

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

The applicable methodologies are Rating Wireless and Rating Cable, which can be found on our website under Methodologies.