Moody’s assigns CenturyLink notes Ba3

Moody’s Investors Service said it assigned a Ba3 to CenturyLink, Inc.’s proposed $750 million senior secured notes due 2027, in line with existing secured debt at this ultimate holding company entity.

The proceeds, together with cash on hand, will be used to pay down a portion of CenturyLink’s senior secured term loan facilities.

All other ratings including the company’s Ba3 corporate family rating and stable outlook are unchanged.

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