Moody's: Bell Canada notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Bell Canada's new C$1 billion senior unsecured seven-year notes offering.

"The new note offering has no ratings implications as we expect that the proceeds will be used to either repay outstanding indebtedness or to fund a pending acquisition which we had previously evaluated as being ratings-neutral," Moody's senior vice president Bill Wolfe said in a news release.

Accordingly, Moody's affirmed all of the company's ratings and rated the new notes at the same Baa1 level as Bell Canada's existing senior unsecured notes.

The outlook remains stable.

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