TORONTO (Standard&Poor's) May 14, 2009--Standard&Poor's Ratings Services today said that it assigned its 'BBB+' debt rating to Vancouver-based Telus Corp.'s proposed C$700 million 4.95% senior unsecured notes due May 15, 2014. The notes are being issued under the company's C$3 billion short-form base shelf prospectus filed Aug. 30, 2007. Proceeds will be used to repay amounts outstanding under the company's credit facilities, commercial paper debt outstanding, and for general company purposes. "The 'BBB+' corporate credit rating and stable outlook on Telus, Canada's second-largest, diversified telecommunications provider, reflect the company's strong business risk profile, given its large and expanding nationwide wireless operations and its still-dominant position as the incumbent local telephone service provider in western Canada and
