TORONTO (Standard&Poor's CreditWire) May 14, 2001--Standard&Poor's today assigned its triple-'B'-plus rating to Telus Corp.'s (Telus; BBB+/Stable/--) proposed C$750 million and US$3.0 billion issuances of multicurrency senior unsecured notes, and its C$4.5 billion senior syndicated bank credit facility. At the same time, Standard&Poor's affirmed its outstanding ratings on Telus and its subsidiaries, Telus Communications Inc. (Telus Communications; BBB+/Stable/--), Clearnet Communications Inc. (BBB+/Stable/--), and Telus Quebec (BBB+/Stable/A-2). The outlook is stable. (A complete list of ratings is available on RatingsDirect Canada, Standard&Poor's Web-based credit analysis system, or by calling the Toronto Ratings Desk at (1) 416-202-6000.) At March 31, 2001, total debt outstanding was about C$8.8 billion. Proceeds from the combined notes issue and