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OLD YORK FINANCIAL™
ABOUT RATINGS
RATINGS DIRECTORY
OLD YORK ADVISORY™
OLD YORK CAPITAL PARTNERS™
MERGERS & ACQUISITIONS
CONTACT US
ABOUT RATINGS
RATINGS DIRECTORY
OLD YORK ADVISORY™
OLD YORK CAPITAL PARTNERS™
MERGERS & ACQUISITIONS
CONTACT US

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Ratings
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Telus Corporation (T) Operational Quality Rating (B) | 2025 Old York Registry
Telecommunications, Real Estate, Healthcare Old York GP inc . 2026-03-05 Telecommunications, Real Estate, Healthcare Old York GP inc . 2026-03-05

Telus Corporation (T) Operational Quality Rating (B) | 2025 Old York Registry

Old York Financial issues a (B) rating for Telus (T). Despite record 0.97% wireless churn, a 20% increase in share count and 3.1% ROIC since 2020 mark it as a "Diluted Utility." See the forensic diagnostic of the 2025 pivot.

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Rogers Communications (RCI.B) Operational Quality Rating (B) | 2025 Old York Registry
Telecommunications, Entertainment Old York GP inc . 2026-03-05 Telecommunications, Entertainment Old York GP inc . 2026-03-05

Rogers Communications (RCI.B) Operational Quality Rating (B) | 2025 Old York Registry

Old York Financial issues a (B) rating for Rogers Communications (RCI.B). Despite dominant wireless margins and sports assets, high Shaw-merger debt and a 4.8% ROIC keep it in the "Vassal" tier. Read the forensic diagnostic.

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Crown Castle (CCI) Operational Quality Rating (B) | 2025 Old York Registry
Telecommunications, Real Estate Old York GP inc . 2026-03-05 Telecommunications, Real Estate Old York GP inc . 2026-03-05

Crown Castle (CCI) Operational Quality Rating (B) | 2025 Old York Registry

Old York Financial issues a (B) rating for Crown Castle (CCI). Facing high debt and a strategic pivot away from Fiber, CCI’s 3.2% ROIC and 2025 dividend cut mark it as a business in transition. See the forensic diagnostic.

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American Tower (AMT) Operational Quality Rating (BBB) | 2025 Old York Registry
Real Estate, Telecommunications Old York GP inc . 2026-03-05 Real Estate, Telecommunications Old York GP inc . 2026-03-05

American Tower (AMT) Operational Quality Rating (BBB) | 2025 Old York Registry

Old York Financial issues a (BBB) rating for American Tower (AMT). While its 67% EBITDA margins are best-in-class, its 7.8% ROIC and structural share dilution keep it below Sovereign status. Read the 2025 forensic diagnostic.

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Digital Realty Trust (DLR) Operational Quality Rating (BB) | 2025 Old York Registry
Real Estate, Telecommunications Old York GP inc . 2026-03-05 Real Estate, Telecommunications Old York GP inc . 2026-03-05

Digital Realty Trust (DLR) Operational Quality Rating (BB) | 2025 Old York Registry

Old York Financial assigns a (BB) rating to Digital Realty Trust (DLR). Despite record AI bookings, chronic share dilution and a 2.1% ROIC prevent it from reaching Sovereign status. Read the forensic breakdown of the "Hyperscale Trap."

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Charter Communications (CHTR) Operational Quality Rating (BBB) | 2025 Old York Registry
Telecommunications Old York GP inc . 2026-03-05 Telecommunications Old York GP inc . 2026-03-05

Charter Communications (CHTR) Operational Quality Rating (BBB) | 2025 Old York Registry

Charter Communications (CHTR) receives a (BBB) Quality Rating. Forensic analysis of 9.0% ROIC, 31.5% ROE (leverage-adjusted), and the $5.4B share cannibalism strategy. See why Charter is the "Leveraged Pipe" of 2025.

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Comcast (CMCSA) Operational Quality Rating (BBB) | 2025 Old York Registry
Telecommunications, Entertainment Old York GP inc . 2026-03-05 Telecommunications, Entertainment Old York GP inc . 2026-03-05

Comcast (CMCSA) Operational Quality Rating (BBB) | 2025 Old York Registry

Comcast (CMCSA) earns a (BBB) Operational Quality Rating. Analysis of 7.1% ROIC, 20.4% ROE, and the 5% share retirement strategy. Explore why the "Utility Tanker" remains a cash flow giant despite broadband attrition and heavy CapEx friction in the 2025 Registry.

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BCE Inc. (BCE) receives Old York Operational Quality (BBB) Rating for fiscal year 2025
Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01 Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01

BCE Inc. (BCE) receives Old York Operational Quality (BBB) Rating for fiscal year 2025

BCE Inc. (Bell Canada) receives a (BBB) Operational Quality Rating for 2025. Forensic analysis of its $24.5B revenue, 3.4x leverage, and the strategic $1.75 dividend reset.

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T-Mobile US, Inc. (TMUS) receives Old York Operational Quality (A) Rating for fiscal year 2025
Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01 Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01

T-Mobile US, Inc. (TMUS) receives Old York Operational Quality (A) Rating for fiscal year 2025

T-Mobile US (TMUS) receives an (A) Operational Quality Rating for 2025. Forensic analysis of its $88.3B revenue, 18.6% ROE, and industry-leading $18B Adjusted Free Cash Flow.

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AT&T Inc. (T) receives Old York Operational Quality (BBB) Rating for fiscal year 2025
Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01 Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01

AT&T Inc. (T) receives Old York Operational Quality (BBB) Rating for fiscal year 2025

AT&T (T) earns a (BBB) Operational Quality Rating for 2025. Forensic analysis of its $125.6B revenue, $16.6B Free Cash Flow, and the successful DIRECTV divestiture.

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Verizon Communications (VZ) receives Old York Operational Quality (BBB) Rating for fiscal year 2025
Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01 Telecommunications, Wireless & Broadband Old York GP inc . 2026-03-01

Verizon Communications (VZ) receives Old York Operational Quality (BBB) Rating for fiscal year 2025

Verizon (VZ) receives a (BBB) Operational Quality Rating for 2025. Forensic analysis of its $138.2B revenue, $20.1B Free Cash Flow, and the 20-year dividend growth streak.

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Private Capital, Operational Advisory, Mergers and Acquisitions

Old York Financial is a boutique merchant house and private investment firm. We are not a bank, nor do we provide public securities advice or retail financial planning. All engagements are principal-to-principal.

Old York Financial operates both a corporate advisory practice and a principal investment platform.


We are not a licensed securities broker-dealer, Exempt Market Dealer (EMD), or Investment Fund Manager (IFM).


We do not sell securities to the public. All advisory and transaction services are provided on a non-brokerage basis.

Any capital commitments or investment participation by Old York Capital Partners are made as a principal under applicable private-market exemptions. Participation by outside investors is by invitation only and limited to accredited or otherwise exempt investors who complete required subscription and verification documents. Securities issued in private transactions may be subject to resale restrictions.

Nothing on this website constitutes an offer to sell or solicitation to buy securities. All information is for general purposes only and is contingent on investors and clients obtaining independent legal, tax, and financial advice.

Old York Financial is a premier investment company Mergers & Acquisitions and Corporate Advisory firm serving Prince Edward County (Picton, Bloomfield, Wellington), Belleville, Trenton, and the Bay of Quinte.

"Old York Financial is an independent advisory firm and is not affiliated with, endorsed by, or a representative of Schroders plc or its subsidiaries."

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