Home Credit Ratings and Research S&P Global Ratings’ Credit Research Corus Entertainment Inc.

Summary: Corus Entertainment Inc.

Published Apr 09, 2014

2337 words — Published Apr 09, 2014

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About This Report

Abstract:

Our 'BB+' long-term corporate credit rating on Corus Entertainment Inc. is derived from: Our anchor of 'bb+', based on our "satisfactory" business risk and "significant" financial risk profile assessments for the company Analytical modifiers had no impact on the rating outcome Solid market position in specialty television and radio broadcasting Strong and consistent profitability Favorable Canadian broadcasting regulatory regime, which limits foreign ownership and competition Exposure to cyclical advertising environment Highly competitive operating environment Key credit measures are in line with our indicative ratios for a significant financial risk profile Solid free cash flow generation reduced by sizable dividend Anticipated debt reduction in the next couple of years Strong liquidity The stable outlook on Corus reflects Standard&Poor's Ratings

Brief Excerpt:

RESEARCH Summary: Corus Entertainment Inc. Publication date: 09-Apr-2014 Primary Credit Analyst: Lori A Harris, Toronto 416-507-2546; lori.harris@standardandpoors.com Secondary Contact: Madhav Hari, CFA, Toronto 416-507-2522; madhav.hari@standardandpoor...

Report Type:

Summary

Ticker

CJR/B@CN

Issuer

Corus Entertainment Inc.

GICS

Broadcasting & Cable TV (25401020)

Sector

Global Issuers

Country

Canada

Region

Canada

Format:

HTML

Research Update: Corus Entertainment Inc. 'BB+' Ratings Affirmed; Liquidity Score Revised To "Adequate" From "Strong" – 2015/04/28 – US$ 225.00

Research Update: Corus Entertainment Inc. Placed On CreditWatch Negative On Shaw Media Acquisition – 2016/01/13 – US$ 225.00

Research Update: Corus Entertainment Inc. Stays On CreditWatch Negative; Proposed Secured And Unsecured Debt Rated – 2016/02/10 – US$ 225.00

Research Update: Corus Entertainment Inc. Downgraded To 'BB' From 'BB+' On Lower Estimated Cash Flow; Outlook Stable – 2016/04/19 – US$ 225.00

Summary: Corus Entertainment Inc. – 2017/07/12 – US$ 225.00

Bulletin: Corus Entertainment Inc. Ratings Unaffected By Transactions With Bell Media And Shaw Media – 2013/03/04 – Free

Research Update: Corus Entertainment Inc. CCR Affirmed At 'BB+'; Proposed Notes Of Up To C$600 Million Rated 'BB+' (Recovery Rating '3') – 2013/02/06 – US$ 225.00

Rating On Corus Entertainment Inc. Affirmed At 'BB+'; Proposed Notes Of Up To C$600 Million Rated – 2013/02/06 – US$ 150.00

Summary: Corus Entertainment Inc. – 2012/08/29 – US$ 225.00

Corus Entertainment Inc. – 2012/02/27 – US$ 500.00

More from S&P Global Ratings’ Credit Research

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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Corus Entertainment Inc." Apr 09, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Corus-Entertainment-Inc-1293367>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Corus Entertainment Inc. Apr 09, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Corus-Entertainment-Inc-1293367>

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