Stability & Credit Ratings

Yellow Pages Income Fund benefits from the following stability and credit ratings:

DBRS

• STA-1 (low) stability rating for the Yellow Pages Income Fund Units
• BBB (high) credit rating
• R-1 (low) commercial paper rating
• BBB exchangeable subordinated debentures rating
• Pfd-3 (high) preferred shares rating 

Standard & Poor's

• SR-2 stability rating for the Yellow Pages Income Fund Units
• BBB-/Stable long-term corporate credit rating
• BBB- credit rating for existing credit facilities and MTN
• BB+  exchangeable subordinated debentures rating
• P-3 preferred shares rating