| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Videotron Ltee. > News item |
DBRS confirms Videotron Ltee
DBRS said it confirmed Videotron Ltee's issuer rating at BB (high), its secured bank debt rating at BBB (low), with a RR1 recovery rating, and its senior unsecured notes at BB (high), with a RR3 recovery rating.
The trend is stable.
Videotron's BB (high) issuer rating is supported by its strong market position in Quebec, strong operating metrics and good operating leverage, the agency said.
Despite this, the issuer rating remains constrained by the leverage at its parent Quebecor Media Inc., which continues to depend on Videotron, along with cash distributions from other operating subsidiaries, to support its own interest costs and funding requirements, according to the agency.
The company has had a gross debt-to-EBITDA ratio below 2.5 times for the past four years.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.