Moody' assigns Ba2 to Videotron notes

Moody's Investors Service said it rated Videotron Ltee's new C$300 million senior unsecured notes Ba2.

Videotron is a wholly owned subsidiary of Quebecor Media Inc. (QMI), the senior-most company in the QMI family for which Moody's maintains ratings.

Since proceeds from the new notes will redeem an approximately equal amount of notes of the same seniority, the transaction has no ratings implications and the new notes are rated at the same Ba2 level as the notes they replace, Moody's said.

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