text: Ratings for debt instruments across the universe of composite rates 
  range from AAA (Standard & Poor’s and Fitch) or Aaa (Moody’s) 
  representing the highest quality of securities rated, to D (Standard & 
  Poor’s), C (Moody’s) and Substantial Risk (Fitch) for the lowest quality of 
  securities rated. 
  
  **Bank Credit and Letter of Credit Facilities**
  We have $2.5 billion of bank credit and letter of credit facilities. Each of 
  these facilities is unsecured and guaranteed by Rogers Communications 
  Partnership and ranks equally with all of our senior notes and 
  debentures. The terms of our bank credit facility are committed by the 
  participating financial 
  it expires in July 2017. As at 
  December 31, 2013, there were no advances outstanding under our 
  $2.0 billion bank credit facility and there were letters of credit totalling 
  $0.5 billion outstanding under our letter of credit facilities. 
  
  institutions until 
  
  **RATIO OF ADJUSTED OPERATING PROFIT TO INTEREST**
  
  **Liquidity**
  We had approximately $4.5 billion of available liquidity at December 31, 
  2013, as compared to $3.1 billion available at December 31, 2012: 
  (cid:129) $2.3 billion in cash and cash equivalents (2012 – $0.2 billion) 
  (cid:129) $2.0 billion available under our bank credit facility (2012 – $2.0 billion) 
  (cid:129) $0.2 billion available under the $0.9 billion accounts receivable 
  
  **2013** **6.8x**
  
  2012  6.8x 
  
  2011  7.1x 