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Prospect News home > News index > List of issuers T > Headlines for Telesat Canada > News item
Published on 9/26/2019 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

Moody’s assigns Telesat Canada notes B3

Moody’s Investor’s Service said it assigned a B3 rating to Telesat Canada’s proposed $500 million senior unsecured notes due in 2027, with Telesat LLC as a co-issuer.

The company’s B1 corporate family rating B1-PD probability of default rating, Ba3 ratings on its senior secured term loan B and senior secured revolving credit facility, SGL-2 speculative grade liquidity rating, and stable outlook remain unchanged.

Proceeds will be used to repay $500 million of senior unsecured notes due in 2024.


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