Fitch rates Rogers notes BBB

Fitch Ratings said it assigned a BBB rating to Rogers Communications Inc.'s $350 million 7½% senior unsecured notes due 2038 and $1.4 billion 6.8% senior unsecured notes due 2018.

The outlook is stable.

Proceeds will be used for general corporate purposes, including the repayment of Rogers' outstanding credit facility debt.

Ratings reflect Rogers' scale and scope in the wireless and cable business as this mix of assets results in a strong competitive position and allows for revenue diversification through its robust bundled service offer, the agency said.

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