Fitch rates Rogers notes BBB

Fitch Ratings said it assigned a BBB rating to Rogers Communications Inc.'s C$900 million of 10-year senior unsecured notes.

The proceeds from the offering will be used repay outstanding advances under the bank credit facility and for general corporate proceeds, the agency said.

In August, Rogers had issued C$800 million of 30-year notes to partially fund the early redemption of a total of C$1.5 billion in 2011 debt maturities, swap agreements and associated premiums, the agency added.

The outlook is stable.

The ratings for Rogers reflect the company's continued solid financial performance and stable credit measures, Fitch noted.

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