Groupe Aeroplan Inc. Announces Initial Credit Ratings



    MONTREAL, Oct. 16 /CNW Telbec/ - Groupe Aeroplan Inc. (TSX:AER) (the
"Corporation") is pleased to announce that DBRS and Standard & Poors Rating
Services have completed the Corporation's initial credit ratings.
    Effective today, the Corporation has been assigned a rating of BBB with a
stable trend by DBRS and BBB- with a positive outlook by Standard & Poor's
Rating Services. These ratings are subject to review should the Corporation's
financial performance and/or profile change in the future.
    For more information on the credit ratings, or to review the rating
agency reports please visit www.dbrs.com and www.standardandpoors.com.

    About Groupe Aeroplan Inc.

    Groupe Aeroplan Inc. is a leading international loyalty management
corporation. Groupe Aeroplan owns Aeroplan, Canada's premier loyalty program
and Nectar, the United Kingdom's leading coalition loyalty program. In the
Gulf Region, Groupe Aeroplan owns 60 per cent of Rewards Management Middle
East, the operator of Air Miles programs in the United Arab Emirates, Qatar
and Bahrain. Groupe Aeroplan also operates Insight & Communication, a
customer-driven insight and data analytics business offering worldwide
services to retailers and their suppliers.

    Caution Concerning Forward-Looking Statements

    Certain statements in this news release may contain forward-looking
statements. Forward-looking statements, by their nature, are based on
assumptions and are subject to important risks and uncertainties. Any
forecasts or forward-looking predictions or statements cannot be relied upon
due to, amongst other things, changing external events and general
uncertainties of the business and its corporate structure. Results indicated
in forward-looking statements may differ materially from actual results for a
number of reasons, including without limitation, dependency on top
accumulation partners, Air Canada or travel industry disruptions, reduction in
activity, usage and accumulation of Aeroplan Miles, retail market or economic
downturn, greater than expected redemptions for rewards, industry competition,
supply and capacity costs, unfunded future redemption costs, changes to the
Aeroplan and Nectar Programs, seasonal nature of the business, regulatory
matters, VAT appeal and value and liquidity of the common shares, as well as
the other factors identified throughout the Management Discussion and Analysis
on file with the Canadian Securities regulatory authorities. The
forward-looking statements contained in this discussion represent the
Corporation's expectations as of October 16, 2008, and are subject to change
after such date. However, the Corporation disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required
under applicable securities regulations.
    For more information about Groupe Aeroplan, please visit www.
aeroplan.com.




For further information:

For further information: Media: Michèle Meier, (514) 205-7028,
michele.meier@aeroplan.com; JoAnne Hayes, (416) 352-3706,
joanne.hayes@aeroplan.com; Analysts: Trish Moran, (416) 352-3728,
trish.moran@aeroplan.com


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