Bonds

The following tables detail the latest ratings.

BCE rating & outlook*All outlooks are stable
DBRS
Preferred shares
Pfd-3
STANDARD & POOR'S
Preferred shares (Canadian scale – Global scale)
P-2 (Low) – BBB–
BELL rating & outlook*All outlooks are stable
DBRS
Commercial paper
R-2 (high)
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
BBB (high)
Subordinated debentures
BBB (low)
MOODY'S
Commercial paper
P-2
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
Baa1
Subordinated debentures
Baa2
STANDARD & POOR'S
Commercial paper (Canadian. scale – Global scale)
A-1 (Low) – A-2
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
BBB+
Subordinated debentures
BBB

*BCE Inc. and Bell Canada’s ratings have stable outlooks from DBRS. On March 11, 2024, Standard & Poor’s revised its outlook on BCE Inc. and Bell Canada to negative from stable. On March 21, 2024, Moody’s revised its outlook on BCE Inc. and Bell Canada to negative from stable.

**These ratings are applicable to Bell-MTS debentures