Videotron Holdings Plc’s proposed senior discount note issue due 2004 has been given a rating by both Moody’s Investors Service Inc and Standard & Poor’s Corp. Moody’s rates the planned issue from the Canadian-owned UK cable television and local telephone service operator B3, saying the rating acknowledges that the company is well sponsored, and that […]
Videotron Holdings Plc’s proposed senior discount note issue due 2004 has been given a rating by both Moody’s Investors Service Inc and Standard & Poor’s Corp. Moody’s rates the planned issue from the Canadian-owned UK cable television and local telephone service operator B3, saying the rating acknowledges that the company is well sponsored, and that substantial equity investments have been made to date by its owners, which include Le Groupe Videotron Ltee, and Bell Cablemedia, which is owned 80% by BCE Inc, with Jones Intercable Inc and Cable & Wireless Plc. The rating also takes into account the current favourable regulatory environment for the company. Standard & Poor’s Corp assigned a B-plus rating to the $150m of senior discount notes due 2004, saying this reflected the business and financial risks that face the company during its construction and initial marketing of its cable television and telecommunications services it said.
