S&P: Crown Castle notes BB

Standard & Poor's said it assigned its BB issue level rating and 1 recovery rating to Crown Castle International Corp.'s subsidiary CC Holdings GS V LLC's proposed notes issuances.

The issuances total $1.5 billion, and consist of $1 billion due 2023 and $500 million due 2017.

The corporate credit rating and stable outlook on Crown Castle remain unchanged and reflect the company's strong business risk profile and highly leveraged financial risk profile.

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