Fitch rates Cox notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Cox Communications, Inc.'s (CCI) planned benchmark issuance of senior unsecured notes. The new notes will be issued in addition to add-ons to two outstanding CCI notes. CCI is a wholly owned subsidiary of Cox Enterprises, Inc., which will guarantee the notes.

The rating is in line with those on CCI’s outstanding senior unsecured notes.

CCI is expected to use the proceeds for general corporate purposes including the repayment of an August maturity.

The outlook is stable.

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