We are assigning our 'B+' issue-level rating and '6' recovery rating to Corus Entertainment Inc.'s proposed C$300 million senior unsecured notes. We are also assigning our 'BBB-' issue-level rating and '1' recovery rating to the company's proposed C$2 billion secured term loan and C$300 million revolver. At the same time, we are maintaining our CreditWatch placement on our existing ratings on Corus, including our 'BB+' long-term corporate credit rating on the company. Corus was placed on CreditWatch with negative implications Jan. 13. The new issues are not on CreditWatch negative. We expect to resolve the CreditWatch on close of the transaction and repayment of the existing C$550 million senior unsecured notes. On Feb. 10, 2016, Standard&Poor's Ratings Services
