Chief Financial Officer (CFO) of TELUS Corporation (Telus) has just reported that Moody `s, carrier rating, downgraded credit rating by one notch below investment grade. CFO task is to determine what action, if any, to recommend to the audit committee of the company. First, the case facilitates discussion on how changes in the capital structure impact of the firm's revenues, stock prices and the flexibility to implement the plan. Second, students will learn about how the connection is established ratings and the rating of the company's bonds affect its bond yields. Recently, focusing on the situation faced by Telus in difficult market conditions in 2002, the students learn how to manage relationships with investors, while in the midst of change. "Hide
by Ken Marcus, Paul M. Bishop, Larry Wynant Source: Richard Ivey School of Business Foundation 21 pages. Publication Date: March 20, 2012. Prod. #: 906N20-PDF-ENG
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