Ivey Publishing

Product Details

Telus Corporation: Capital Structure Management
Product Number:
9B06N020
Publication Date:
11/23/2006
Revised Date:
03/20/2012 (Data)
Length:
21 pages (12 pages of text)
Product Type:
Case (Field)
Source:
Ivey
The chief financial officer (CFO) of TELUS Corporation (Telus) has just been informed that Moody's, a bond rating service, has downgraded the firm's credit rating to one notch below investment grade. The CFO's challenge is to determine what specific actions, if any, to recommend to the firm's audit committee. First, this case facilitates a discussion on how changes in capital structure impact a firm's earnings, stock price and flexibility to carry out plan. Second, students learn about how bond ratings are set and how a firm's bond rating affects its bond yield. Last, by focusing on the situation faced by Telus during challenging market conditions in 2002, students learn how to manage relationships with investors while in the midst of change.
Issues:
Disciplines:
Finance
Setting:
Canada, Large, 2002
Intended Audience:
MBA/Postgraduate
Price:
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download
Associated Materials
Supplements: 7B06N020 (223 KB)
Translations: French (22 pages)
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