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Bell Aliant Regional Communications IF Affirmed At ?BBB';Telebec LP, NorthernTel LP Off Watch Feb 07
Standard & Poors, Feb 2007
Abstract
TORONTO (Standard & Poor's) Feb. 21, 2007--Standard & Poor's Ratings Services today said it affirmed its 'BBB' long-term corporate credit rating on Atlantic Canada-based telecommunication services provider Bell Aliant Regional Communications Income Fund (Bell Aliant), following the company's decision to acquire Ontario-based rural telecom operator Amtelecom Income Fund for C$119 million; sell the company's directories services business for C$330 million; and use all of the proceeds from the directories sale to commence a share buyback program targeting 10% of the public float of Bell Aliant units. The outlook is stable. At the same time, Standard & Poor's removed the ratings on Bell Aliant subsidiaries Telebec LP and NorthernTel LP from CreditWatch with negative implications, where they were placed Oct. 11,...
Companies mentioned in this report are: Bell Aliant Inc.
Action: Affirmed
Action: Downgraded
Action: Outlook: Stable
Action: Removed From CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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