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DBRS rates Rogers notes BBB(low)
DBRS said it assigned credit ratings of BBB(low) to Rogers Communications Inc.’s $1.25 billion of 5% senior notes due 2029 and $1.25 billion of 5.3% senior notes due 2034. Rogers Communications Canada Inc. will guarantee the notes.
The ratings are aligned with those of Rogers’ outstanding senior unsecured notes.
Rogers plans to use the proceeds repay a portion of its debt, including a portion of its borrowings under a term loan facility that was used to partially fund the Shaw Communications Inc. acquisition that closed in April.
The trend is stable.
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