Moody's rates Shaw's notes Baa3; outlook remains stable
$300 million of new debt instruments rated. Toronto, February 14, 2017-- Moody's Investors Service, assigned a Baa3 rating to Shaw Communications Inc.' s new $300 million 10- year senior unsecured notes offering. The transaction has no ratings implications as Moody's expects the proceeds, along with cash on hand, will repay the company's March 2, 2017 $400 million debt maturity, leaving credit metrics virtually unchanged.
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