Moody's rates Rogers notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Rogers Communications Inc.'s new C$900 million of senior unsecured notes issue due 2020.

The outlook is stable.

Together with the C$800 million notes the company issued in August, a substantial proportion of the proceeds are being used to repay debt that matures over the near term, the agency said.

Accordingly, the agency said it views the transaction as being accommodated within Rogers' prevailing Baa2 senior unsecured rating and have rated the new senior unsecured issue at the same level.

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