Rogers Communications Inc.: Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating and the Senior Unsecured Notes rating of Rogers Communications Inc. (Rogers or the Company) at BBB with Stable trends. The confirmations reflect Rogers’ improving subscriber metrics and deleveraging efforts. Additionally, the ratings are supported by the Company’s role as a leading wireless and cable television (TV) operator in Canada, increasing revenue diversification and its sound free cash-generating capacity. The ratings also consider intensifying competition, evolving consumer habits that negatively affect the cable TV and telephony businesses and risks associated with regulatory change.