Moody's assigns Ba1 to Videotron

Moody's Investors Service said it assigned a Ba1 corporate family rating, a Ba1-PD probability of default rating and an SGL-2 speculative grade liquidity rating to Videotron Ltee, a wholly owned operating subsidiary of Quebecor Media, Inc. and affirmed the Ba2 ratings on Videotron's senior unsecured notes. The outlook at Videotron is stable.

Moody's said it concurrently withdrew QMI's Ba1 CFR, Ba1-PD PDR, SGL-1 speculative grade liquidity rating and stable outlook. QMI terminated its obligation to file financial statements because it has fully repaid debt that was subject to the filing requirement.

As a result of the repayment, Moody’s said it reassigned the corporate ratings and the withdrawal of QMI’s ratings.

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