Moody's rates Rogers Wireless notes Ba3, B2, Cable's note Ba3

Moody's Investors Service confirmed the Ba3 senior implied rating of Rogers Communications Inc., the existing ratings of Rogers Wireless Inc., lowered the debt ratings of Rogers Cable Inc. and Rogers Communications.

Moody's also assigned a Ba3 senior secured rating to Rogers Wireless' proposed debt issue, a B2 senior subordinated rating to Rogers Wireless' proposed debt issue, a Ba3 senior secured second priority rating to Rogers Cable's proposed C$500 million (equivalent) debt issue, and a speculative grade liquidity rating of SGL-2.

The outlook is stable.

This concludes the review of the Rogers group triggered by Rogers Communications Inc.'s acquisitions of the rest of Rogers Wireless not already owned and of Microcell Telecommunications Inc., partially financed with the new debt issues totaling C$2.8 billion at Wireless.

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