DBRS Rates TELUS Corporation’s $2.5 Billion Shelf Prospectus A (low), Stable Trend

DBRS has today assigned a rating of A (low) to the debt portion of TELUS Corporation’s (TELUS or the Company) renewed $2.5 billion universal shelf prospectus as filed on October 3, 2011. The trend is Stable.

DBRS notes that the shelf prospectus allows TELUS to issue debt securities, preferred shares, equity shares, warrants and/or share purchase contracts/units in Canada and the United States over a period of twenty five months. Any debt securities issued pursuant to this prospectus would be issued under TELUS’s May 22, 2001, trust indenture.

As ratings are subject to change, subsequent assignment of ratings for TELUS will be provided by DBRS as any debt securities are issued under this program.

Notes:
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.