10:09 AM EDT, 05/29/2024 (MT Newswires) -- Morningstar DBRS on Tuesday assigned a credit rating of "BBB (high)," with a stable trend, to BCE unit Bell Canada's (BCE.TO, BCE) $400 million MTN debentures, Series M-61, due 2053 and $1.1 billion MTN debentures, Series M-63, due 2034.

The MTN debentures are unsecured and rank pari passu with all other unsecured and unsubordinated debt of the company.

Morningstar DBRS expects Bell Canada to use the total net proceeds of the MTN Debentures issuances to fund the repayment of Bell Canada MTN debentures debt maturing in the first quarter of 2025 and general corporate purposes.

BCE was down 0.4% on last look on Wednesday in Canada.

Price: 45.64, Change: -0.20, Percent Change: -0.44