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Published on 5/19/2011 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

Fitch affirms Rogers

Fitch Ratings said it affirmed Rogers Communications Inc.'s issuer default rating at BBB and senior unsecured notes at BBB.

The outlook is stable.

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

The wireless and cable operations have demonstrated continued revenue growth, solid profitability and good free cash flow generation, the agency said.

Consequently, the company has significant flexibility in managing its financial policies, including leverage targets and return of capital to shareholders, Fitch said.


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