DBRS rates Shaw notes BBB

DBRS said it assigned Shaw Communications Inc.'s C$900 million senior notes issuance, consisting of C$500 million of 5.5% notes due 2020 and C$400 million of 6.75% of notes due 2039, a BBB rating with a stable trend.

The proceeds from the issuance will be used for repayment of debt incurred to complete the acquisition of Canwest Global Communications Corp.'s television assets and other refinancing.

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