DBRS: Bell Aliant on positive watch

DBRS said it placed the ratings of Bell Aliant Regional Communications, LP’s under review with positive implications following BCE Inc.’s tender offer to acquire the minority interest in Bell Aliant for C$3.95 billion.

BCE Inc./Bell Canada currently own 44.1% of Bell Aliant, DBRS said.

As part of the transaction, BCE will assume Bell Aliant’s C$2.89 billion net debt and C$618 million preferred shares, the agency said.

The positive implications of the under review status reflect the stronger credit profile of BCE Inc./Bell Canada, DBRS said.

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