Fitch rates Telus notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Telus Corp.'s offering of up to $750 million senior unsecured notes due 2027.

The proceeds will be used to repay outstanding commercial paper and for general corporate purposes, Fitch said.

The company has an issuer default rating of BBB+.

The outlook is stable.

The ratings reflect the company’s strong position in a competitive market with its diversified operations, the agency said.

The ratings also are supported by the continued strong performance of the wireless business, which generates solid growth in revenues, EBITDA and simple free cash flow, Fitch said.

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