Moody's Ratings (Moody's) commented that Bell Canada's (Baa2 stable) announced acquisition of Ziply Fiber is credit positive but has no immediate impact on the company's ratings or outlook. Please see for a related issuer comment. Bell Canada, headquartered in Montreal, Quebec, is ...
Moody's Ratings (Moody's) commented that BCE Inc.'s, the parent of Bell Canada (Baa2 stable), announced sale of its 37.5% stake in Maple Leaf Sports and Entertainment (MLSE) is credit positive but has no immediate impact on Bell Canada's ratings or outlook. Please see for a related i...
Moody's Ratings ("Moody's") changed Bell Canada's outlook to negative from stable and affirmed the company's Baa1 issuer rating, Baa1 senior unsecured/backed senior unsecured notes ratings, P(Baa1) backed senior unsecured shelf and backed senior unsecured MTN program ratings, Baa2 subordinated ratin...
DBRS Morningstar released a commentary titled “Global Telecommunications 2023 Outlook: The Risk Is to the Downside.” Our negative outlook for global telecommunications (telecom) in 2023 reflects our view that the credit risk profiles of the telecom players in our portfolio may come under some pressure within their respective rating categories. While the utility-like nature of telecom services should support long-term demand for data and telecom services, the high level of capital intensity acros...
After an extended period of record lows, interest rates are quickly climbing. As a result, although rising interest rates may not immediately affect the telecommunications industry’s predominantly fixed-rate debt stack, they will likely influence the industry’s long-term financial flexibility.
While mid-year earnings in the Canadian telecommunications industry were solid and 2022 guidance was maintained, the sector is not completely immune to inflationary pressure, nor the impact related to an economic softening. However, structural factors within the industry and the growing integration of telecommunications services into almost all aspects of modern society are expected to mute the financial impact of these factors on the industry, particularly in the near term.
DBRS Morningstar’s Canadian Telecommunications 2022 Outlook Commentary discusses the prime factors influencing the credit outlook for the Canadian telecommunications providers, and whether these factors are expected to form a longer-term trend or are transitional.
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