Bonds

The following tables detail the latest ratings.

BCE rating & outlook*BCE Inc. and Bell Canada’s ratings have a stable outlook at Moody's and DBRS and one of the ratings at S&P for Bell Canada is negative.
DBRS
Preferred shares
Pfd-3
STANDARD & POOR'S
Preferred shares (Canadian scale – Global scale)
P-3(high) – BB+
BELL rating & outlook *BCE Inc. and Bell Canada’s ratings have a stable outlook at Moody's and DBRS and one of the ratings at S&P for Bell Canada is negative.
DBRS
Commercial paper
R-2
Unsecured senior debentures / Medium-term notes
BBB
Subordinated debentures
BB (high)
Junior subordinated debentures
BB (high)
MOODY'S
Commercial paper
P-2
Unsecured senior debentures / Medium-term notes
Baa2
Subordinated debentures
Baa3
Junior 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-
Junior subordinated debentures
BB+

*BCE Inc. and Bell Canada’s ratings have a stable outlook at Moody's and DBRS and one of the ratings at S&P for Bell Canada is negative.