Wednesday, 04 July 2007

BCE rating could fall over 6 notches -S&P

(Reuters) - However, if enough equity is contributed to achieve initial
leverage of under 7 times and further reductions in debt were
expected in the medium-term, the rating would likely be at the
mid-to-low end of the BB category, the agency said.




BCE said on Saturday its board recommended shareholders
accept a C$42.75 a share offer from a consortium including the
Ontario Teachers Pension Plan, Teachers Private Capital,
Providence Equity Partners Inc. and Madison Dearborn Partners,
LLC.


Read more at Reuters.com Bonds News

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