Fitch rates Rogers notes BBB

Fitch Ratings said it assigned a BBB rating to Rogers Communications Inc.'s two-tranche senior unsecured notes offering consisting of C$600 million of 10-year notes and C$500 million of five-year notes.

The outlook is stable.

The agency said the ratings for Rogers reflect solid profitability and good free cash flow generation from significant operating leverage inherent in both the wireless and cable operations.

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

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