Fitch rates Rogers notes BBB-

Fitch Ratings said it assigned a BBB- rating to Rogers Communications, Inc.'s two-tranche $2.5 billion senior unsecured notes offerings.

The rating is in line with those on Rogers’ outstanding senior unsecured notes.

The proceeds will be used to repay debt, including a portion of the borrowings under the term loan facility that Rogers used to partially fund the Shaw deal.

The outlook is stable.

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