Moody's rates Rogers notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Rogers Communications Inc.'s C$800 million senior unsecured notes issue.

Rogers' senior unsecured rating remains unchanged at Baa2.

The outlook is stable.

Proceeds will be used to help fund the redemption of notes maturing in 2011.

The transaction is positive as it extends the company's debt maturity profile, although, as the transaction is leverage neutral, according to the agency.

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