Moody's also assigned a B1 rating to the company's proposed $500 million senior secured notes due 2026, with Telesat LLC as a co-issuer. Telesat's ratings remain on review for downgrade, including the B1 rating on the proposed secured notes. The company's speculative grade liquidity rating was unchanged at SGL-2.Telesat intends to use the net proceeds from the new notes issuance to fund a portion of its planned low earth orbit (LEO) satellite constellation."The downgrade was prompted by the one turn increase in leverage (to 6.1x from 5.1x for 2020) as a result of the notes issuance" said Peter Adu, Moody's Vice President and Senior Analyst.The following ratings/assessments are affected by today's action:Ratings Downgraded:..Issuer: Telesat Canada....