DBRS Assigns BBB (high) Rating to Bell Aliant’s $300 Million Notes Issuance

DBRS has today assigned a rating of BBB (high) to Bell Aliant Regional Communications, Limited Partnership’s (Bell Aliant or the Company) issuance of $300 million 4.88% senior unsecured notes maturing on April 26, 2018. The trend is Stable.

This debt issuance was initiated by Bell Aliant today by way of a pricing supplement under its $1.5 billion MTN short form base shelf prospectus dated April 28, 2009, and as amended on April 12, 2011. DBRS expects this issue to close on or around April 26, 2011.

DBRS expects Bell Aliant to use the proceeds from this issue to partially redeem its 4.72% notes due September 26, 2011, with any remaining proceeds used for general corporate purposes.

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

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