Shaw Communications Inc. -- Moody's says Shaw's $700 million deal with Rogers is credit-positive
Toronto, January 16, 2013 -- Moody's Investors Service (Moody's) said Shaw Communications Inc.'s (Shaw; Baa3, Stable) pending ~$700 million transaction with Rogers Communications Inc. (Rogers, Baa1, Stable), is credit-positive as it provides funding to accelerate capital expenditures and is ratings-neutral since leverage and coverage are not affected.
