The ratings on Telus Corp., Canada's second-largest, diversified telecommunications provider, are driven by the company's average financial risk profile characterized by moderate leverage and cash flow protection measures. In addition, the ratings are underpinned by the company's strong business profile given the company's large and expanding nationwide wireless business and its dominant position as the local telephone service provider in western Canada and eastern Quebec. The ongoing labor disruption is not a material concern currently, given Telus' level of cash flow generation, cash balances, and contingency plans for dealing with the labor disruption. The ratings on Telus are supported by its continued leadership position in the provinces of Alberta and British Columbia and in eastern Quebec, given its dominant market
