Fitch assigns Rogers Communications’ notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Rogers Communications Inc.’s $1 billion 30-year senior notes offering.

Proceeds will be used to fund the redemption of the 4.7% senior notes due 2020, and any remaining proceeds for general corporate purposes.

The senior notes will rank equally with Rogers’ other unsecured debt and will be fully and unconditionally guaranteed on an unsecured, unsubordinated basis by Rogers Communications Canada Inc., the agency said.

The outlook is stable.

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