DBRS Assigns Rating of BBB (high), Stable Trend, to TELUS Corporation’s $600 Million Notes

DBRS Limited (DBRS) has today assigned a rating of BBB (high) with a Stable trend to TELUS Corporation’s (TELUS) $600 million 2.80% Notes (the Notes), maturing on February 16, 2027.

The Notes will be unsecured and will rank pari passu with all other unsecured and unsubordinated indebtedness of TELUS. Net proceeds will be used for the repayment of $453 million of outstanding commercial paper and general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.