DBRS ups Rogers Communications

DBRS said it upgraded the issuer and senior unsecured notes ratings of Rogers Communications Inc. to BBB (high) from BBB. DBRS also changed the trends to stable from positive.

The upgrades reflect Rogers’ operating and financial execution in 2019. The ratings are supported by the company’s role as a leading wireless and cable TV operator in Canada, increasing revenue diversification and solid free cash-generating capacity. The ratings also consider intensifying competition, evolving consumer habits that negatively affect the cable TV and telephony businesses, as well as risks associated with regulatory change.

The stable trend mirrors the company’s steady operating outlook amid a rapidly changing competitive environment, improvement in its cash generation and ability to maintain a sustainable level of leverage for the rating, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.