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Prospect News home > News index > List of issuers B > Headlines for Bell Aliant Regional Communications, LP > News item |
DBRS lowers Bell Aliant
DBRS said it downgraded Bell Aliant Regional Communications, LP's commercial paper rating to R-2 (middle) from R-1 (low), senior unsecured debt to BBB from BBB (high) and preferred shares to Pfd-3 from Pfd-3 (high).
The trend is stable. The ratings were removed from Under Review with negative implications.
The downgrade follows the reassessment of the risks associated with the company's transformational strategy while the stable trends reflect the view that the company's fibre strategy presents a viable initiative with strong potential, according to the agency.
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