Bonds

The following tables detail the latest ratings.

rating & outlook*
DBRS
Preferred shares
Pfd-3
STANDARD & POOR'S
Preferred shares (Cdn. scale – Global scale)
P-2 (Low) – BBB–
rating & outlook*
DBRS
Commercial paper
R-2 (high)
Unsecured senior debentures / Medium-term notes**
BBB (high)
Subordinated debentures
BBB (low)
MOODY'S
Commercial paper
P-2
Unsecured senior debentures / Medium-term notes**
Baa1
Subordinated debentures
Baa2
STANDARD & POOR'S
Commercial paper (Cdn. scale – Global scale)
A-1 (Low) – A-2
Unsecured senior debentures / Medium-term notes**
BBB+
Subordinated debentures
BBB

*All outlooks are stable

**These ratings are applicable to Bell-MTS debentures