The ratings on Vancouver-based Telus Corp., Canada's second-largest, integrated telecommunications provider, reflect Standard&Poor's Ratings Services' view of the company's strong business risk profile, supported by its solid market position in the large and expanding nationwide wireless operations; still-solid position as the incumbent local telephone service provider in western Canada and eastern Quebec; broad product portfolio, including the ability to bundle voice, high-speed Internet (HSI), wireless, and video services within its incumbent markets; good brand recognition; and healthy diversity of revenue among business and residential customers. The ratings are also supported by what we view as the company's intermediate financial risk profile given its historically moderate financial policies; strong cash generation from relatively mature and well-established operations; and adequate
