Post by
JoeBravo1 on Mar 14, 2024 11:33am
Did Anyone Read Mar. 11 S&P Report (Rating Unchanged BBB+)
By the looks of the posting on this board, it seems that very few actually read the S&P Report.
If you haven't, it clearly states that BCE's Credit Rating remains unchanged at BBB+ Stable.
S&P sees the dividend as safe.
They did comment that cost cutting and lowering debt is needed in order for BCE to maintain their Credit Rating.
S&P stated they are confident that BCE can accomplish these initiatives. BCE has already announced cost cutting via layoffs which will save them $150-$200 million this year and $250 million per year onwards.
According to the S&P Report, BCE will be selling some non-core assets this year in order to lower debt. Success in executing both will keep their rating investment grade and assure the sustainability of the dividend.
I believe long term investor have no doubt BCE will succeed with their initiatives. I am confident they will and the share price will react accordingly.
Comment by
JoeBravo1 on Mar 14, 2024 1:13pm
By the looks of the recent posts by the scare mongers insisting the Dividend will be cut, they obviously haven't read the March 11 S&P Report, or are intentionally trying to mislead readers. Shame on you if the latter is the case, or if you haven't read the report, I suggest you do prior to posting misleading information.