DBRS gives Vidéotron BB

DBRS said it has assigned Vidéotron Ltée an issuer rating of BB (high) and a secured bank debt rating of BBB (low).

Vidéotron's senior unsecured notes rating has been upgraded to BB (high) from BB, and DBRS said it has also assigned recovery ratings to Vidéotron's secured bank debt and senior unsecured notes of RR1 and RR3, respectively, pursuant to its leveraged finance rating methodology.

The trends are stable.

The agency added that the BB (high) issuer rating is one notch higher than Vidéotron's former implied issuer rating of BB (identical to its former senior unsecured notes rating), previously with a positive trend.

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