Bonds

The following tables detail the latest ratings.

BCE rating & outlook*All outlooks are stable
DBRS
Preferred shares
Pfd-3
STANDARD & POOR'S
Preferred shares (Canadian scale – Global scale)
P-3(high) – BB+
BELL rating & outlook*All outlooks are stable
DBRS
Commercial paper
R-2 (high)
Unsecured senior debentures / Medium-term notes
BBB (high)
Subordinated debentures
BBB (low)
MOODY'S
Commercial paper
P-2
Unsecured senior debentures / Medium-term notes
Baa2
Subordinated debentures
Baa3
STANDARD & POOR'S
Commercial paper (Canadian. scale – Global scale)
A-2(Cdn) – A-2
Unsecured senior debentures / Medium-term notes
BBB
Subordinated debentures
BBB-

*BCE Inc. and Bell Canada’s ratings have stable outlooks.