DBRS Assigns BBB, Stable Rating to Manitoba Telecom Services Inc.’s $225 Million Senior Unsecured Debt Issuance

DBRS has today assigned a rating of BBB with a Stable trend to Manitoba Telecom Services Inc.’s (MTS or the Company) $225 million 4.00% Medium-Term Notes (the Notes) issuance, due May 27, 2024.

The net proceeds from the issuance of the Notes will be used to repay existing indebtedness and for general corporate purposes.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Companies in the Communications Industry (July 2013), which can be found on our website under Methodologies.