Cable / Telecom News

Shaw gets an upgrade from Moody’s


TORONTO - Moody's Investors Service has upgraded Shaw Communications’ senior unsecured debt ratings to Baa3 from Ba1, after concluding a ratings review that began at the end of January. Shaw's ratings outlook has also been repositioned to “stable”. With the company's debt now rated at an investment grade level, the former speculative grade liquidity rating has been withdrawn, as have the company's probability of default rating and loss given default assessments for individual debt instruments, the press release detailed. The rating action anticipates that Shaw “will exhibit key attributes of an investment grade company”, including a strong and relatively stable business platform...