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-2 (Low) – BBB–
BELL rating & outlook*All outlooks are stable
DBRS
Commercial paper
R-2 (high)
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
BBB (high)
Subordinated debentures
BBB (low)
MOODY'S
Commercial paper
P-2
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
Baa1
Subordinated debentures
Baa2
STANDARD & POOR'S
Commercial paper (Canadian. scale – Global scale)
A-1 (Low) – A-2
Unsecured senior debentures / Medium-term notes** These ratings are applicable to Bell-MTS debentures
BBB+
Subordinated debentures
BBB

*BCE Inc. and Bell Canada’s ratings have stable outlooks from Moody’s and DBRS. On March 11, 2024, Standard & Poor’s revised its outlook on BCE Inc. and Bell Canada to negative from stable.

**These ratings are applicable to Bell-MTS debentures