The ratings on BCE Inc. reflect our opinion of the company's business risk profile, which we view as "satisfactory," given its large and expanding nationwide wireless operations; its leading position as the incumbent local telephone service provider in the provinces of Ontario and Quebec; broad product portfolio including the ability to bundle voice, Internet, wireless, and video services within its incumbent markets; solid brand recognition; broad distribution; and healthy diversity of revenues among business and residential customers. BCE is Canada's largest integrated telecommunications provider with more than 18 million customer connections. The ratings are also supported by Standard&Poor's Ratings Services' view that the company should be able to sustain conservative credit metrics, our expectations that it will adhere
