On Nov. 26, 2008, Standard&Poor's Ratings Services revised its CreditWatch implications on Montreal-based telecommunications provider BCE Inc. and the company's related entities. The ratings remain on CreditWatch, but Standard&Poor's has revised the CreditWatch implications to developing from negative. Developing implications mean that the ratings could be raised, lowered, or affirmed. The ratings were originally placed on CreditWatch April 17, 2007, following the company's announcement that it had entered into discussions with a group of private equity investors to consider privatizing the company. The CreditWatch revision follows BCE's announcement today that clearly indicates to us that the company's proposed leveraged buyout (LBO) might not proceed. More specifically, BCE announced that KPMG has provided a preliminary view to
