Fitch rates Crown Castle loans BBB-

Fitch Ratings said it assigned a BBB- rating to Crown Castle International Corp.'s new senior unsecured credit facilities.

Net proceeds, along with cash on hand, will be used to repay all senior secured debt outstanding under the credit facilities at Crown Castle Operating Co.

Upon the close of the new agreement (anticipated prior to the release of Crown's fourth quarter 2015 earnings release on Jan. 27), Fitch will withdraw the ratings on the credit facilities at Crown Castle Operating.

The outlook is stable.

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