DBRS Assigns BBB Rating to MTS’s $200 Million MTN Issuance

DBRS has today assigned a rating of BBB to Manitoba Telecom Services Inc.’s (MTS) $200 million issuance of 4.59% Medium-Term Notes (the Notes) maturing October 1, 2018. The trend is Stable.

This Notes issuance was initiated by MTS today for settlement on or around September 30, 2011. The Notes will be issued by way of supplement to its Short Form Base Shelf Prospectus dated August 23, 2011, and reference the trust indenture dated August 10, 2011.

DBRS expects MTS to use the proceeds from this issue for general corporate purposes, including refinancing of debt maturities.

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

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