On June 23, 2008, Standard&Poor's Ratings Services said its ratings on Montreal-based telecommunications provider BCE Inc. and related entities, including the 'BB-' corporate credit ratings, will remain on CreditWatch with negative implications. The ratings were placed on CreditWatch April 17. Today's CreditWatch update follows the Supreme Court of Canada's June 20 ruling to set aside the decision of the Court of Appeal of Quebec (which disallowed the plan of arrangement) and affirm the Quebec trial judge's previous decision to approve the plan of arrangement. The proposed leveraged buyout by a consortium of private equity investors led by Toronto-based Teachers Private Capital would lead to about C$30 billion in additional debt, resulting in a dramatic increase in pro forma
