TORONTO (Standard&Poor's) March 8, 2007--Standard&Poor's Ratings Services today said it assigned its 'BBB+' debt rating to Telus Corp.'s proposed five- and ten-year notes totaling C$800 million issued under the company's C$3 billion shelf prospectus dated Aug. 24, 2005. The notes are senior unsecured obligations of western Canada-based Telus Corp. and rank pari passu with all existing and future unsecured and unsubordinated senior debt of the company. At the same time, Standard&Poor's affirmed its existing ratings on Telus and its principal operating subsidiary, Telus Communications Inc. (TCI), including the 'BBB+' long-term corporate credit rating on each company. The outlook is stable. The proceeds from the issue will be used to partially refinance Telus' US$1.2 billion
