Moody's upgrades Rogers' debt rating

TORONTO - Moody's Investors Service said Monday that it has upgraded Rogers Communications’ senior unsecured debt rating to Baa1 from Baa2 on expectations that the company will continue to record strong financial performance while maintaining a conservative financial profile.Continuity of the Rogers’ “strong business profile” and a generally positive business and regulatory environment means its outlook will remain stable, reads Moody's note. “Rogers' Baa1 senior unsecured rating reflects the company's strong and stable market positions and resulting ability to consistently generate cash flow well in excess of that needed to maintain management's chosen moderate leverage level, with perceived event risk being...