RE:RE:So much bull Yes the reduction in the rating was justified and occurred before the conversion of 6b of assets to cash... they need more deleveraging and have all kinds of assets to part with, if they continue to shrink debt by realzing non core assets to cash and using cash to pay debt then the ratio shifts considerably...
here is another view point on true asset value..
Shaw a significant player in the space when it was purchased it was done so at a huge premium to SP at the time (which was already at an elevated level). When Roger's on-boarded the assets some of the unrealized gains became realized and the asset on-boarding was larger than what Shaw had on the books...
The leasing of the FTTP and the rates are still subject to discussions I don't see this as the big threat especially if revenue goes up but costs stay same. I see Rogers and docis 4.0 as the larger threat cause this challenges revenue...