TORONTO (Standard&Poor's) Feb. 10, 2005--Standard&Poor's Ratings Services today said it revised its outlook on Canada's second-largest, diversified telecommunications provider Telus Corp. (Telus) to positive from stable on strong financial performance and additional debt reduction. At the same time, Standard&Poor's affirmed its 'BBB' long-term corporate credit and senior unsecured ratings on Telus and subsidiary, Telus Communications Inc. (TCI). "The revised outlook is based on continued financial strengthening at Telus reflected in higher profitability, lower leverage, and better cash flow protection measures," said Standard&Poor's credit analyst Joe Morin. During the first nine months of 2004, Telus reduced lease-adjusted debt through free cash flow by about C$360 million to C$8.2 billion. In addition, a strong
