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BCE Inc. Ratings Remain On CreditWatch Negative Pending Completion Of LBO

Published Dec 12, 2007

797 words — Published Dec 12, 2007

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Abstract:

TORONTO (Standard&Poor's) Dec. 12, 2007--Standard&Poor's Ratings Services today said it kept its ratings on Montreal-based BCE Inc. and its related entities on CreditWatch with negative implications, pending the completion of the company's leveraged buyout (LBO) by a consortium of private equity investors led by Toronto-based Teachers Private Capital as announced on June 30, 2007. As a result of the proposed LBO, we expect reported debt to increase to about C$37 billion from about C$10 billion at Sept. 30, 2007. We originally placed the ratings on CreditWatch April 17, 2007. Subsequently, we lowered the ratings on BCE and its wholly owned subsidiaries to 'BB-' from 'A-' and kept them on CreditWatch Sept. 24, 2007. This was an

Brief Excerpt:

RESEARCH BCE Inc. Ratings Remain On CreditWatch Negative Pending Completion Of LBO Publication date: 12-Dec-2007 Primary Credit Analyst: Madhav Hari, CFA, Toronto (1) 416-507-2522; madhav_hari@standardandpoors.com Secondary Credit...

Report Type:

Ratings Action

Ticker

BCE@CN

Issuer

BCE Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Corporations, Global Issuers, High Technology, Telecommunications & Cable

Country

Canada

Region

Canada

Format:

HTML

BCE Inc. – 2007/12/14 – US$ 500.00

Summary: BCE Inc. – 2007/12/14 – US$ 225.00

BCE Inc. And Subsidiaries Remain On Watch Negative On Denied LBO Plan – 2008/05/22 – US$ 150.00

Research Update: BCE Inc. And Subsidiaries Kept On CreditWatch Negative On Denied LBO Plan – 2008/05/22 – US$ 225.00

BCE Inc., Subsidiaries Remains On CreditWatch Negative On Supreme Court of Canada Ruling – 2008/06/23 – US$ 150.00

Research Update: BCE Inc., Subsidiaries Ratings Kept On CreditWatch Negative Pending LBO Completion – 2007/12/12 – US$ 225.00

BCE Inc., Bell Canada Ratings Lowered And Still On CreditWatch Pending LBO – 2007/09/24 – US$ 150.00

Research Update: BCE Inc., Bell Canada Downgraded, Remain On CreditWatch Pending LBO Results – 2007/09/24 – US$ 225.00

BCE Inc. And Subsidiaries Remain On CreditWatch After Buyout Agreement With Investor Group – 2007/07/04 – US$ 150.00

Research Update: BCE Inc., Subsidiaries Still On CreditWatch Neg After Buyout Agreement With Investor Group – 2007/07/04 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "BCE Inc. Ratings Remain On CreditWatch Negative Pending Completion Of LBO" Dec 12, 2007. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BCE-Inc-Ratings-Remain-On-CreditWatch-Negative-Pending-Completion-Of-LBO-619452>

APA:	S&P Global Ratings’ Credit Research. (). BCE Inc. Ratings Remain On CreditWatch Negative Pending Completion Of LBO Dec 12, 2007. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BCE-Inc-Ratings-Remain-On-CreditWatch-Negative-Pending-Completion-Of-LBO-619452>

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