Moody's Affirms TELUS' Rating on Deal Announcement for LifeWorks

MT Newswires · {{timeTz}}

10:59 AM EDT, 06/20/2022 (MT Newswires) -- Moody's said Thursday it has affirmed TELUS Corp.'s (T.TO) Baa1 senior unsecured notes ratings, (P)Baa1 senior unsecured shelf rating, and Prime-2 (P-2) senior unsecured commercial paper rating.

The action follows the company's announced purchase of LifeWorks (LWRK.TO), a provider of technology-enabled services, for about $2.9 billion on an enterprise value basis. The outlook remains negative.

"The rating affirmation recognizes the company's good operating momentum, prudent network investments for future growth, and diversification in its business profile, while the negative outlook captures its higher than expected leverage", Peter Adu, Moody's vice president and senior credit officer, said in a statement.

The company's stock rose 0.07% on last look on Monday.

Price: 28.71, Change: +0.02, Percent Change: +0.07

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.