DBRS: Arrow Lakes bonds A

DBRS said it confirmed the rating on the series A bonds of Arrow Lakes Power Corp. at A (high) with a stable trend.

The agency also said it assigned a provisional rating for the planned new longer-term debt issuance, the series B bonds, at A (high) with a stable trend.

The company intends to fully prepay $46 million of existing bonds with the planned series B bonds, the agency said.

The new bonds and distribution of net proceeds significantly increases the company's leverage, DBRS said.

DBRS confirms Bell Canada

DBRS said it confirmed the long- and short-term ratings of BCE Inc. and its wholly owned operating subsidiary, Bell Canada, at A (low) and R-1 (low).

The trend is stable.

The ratings reflect the company's good business risk profile that is manageable in a competitive operating environment with improvement in its networks and operating platforms, DBRS said.

The agency noted that Bell Canada continues to focus on repositioning itself to improve its capabilities and competitive position in a market in which it faces one or more competitors for all of its services.

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