S&P rates Cox Communications notes BBB

Standard & Poor's said it assigned ratings to two debt issues of Cox Communications Inc., a wholly owned subsidiary of family controlled Cox Enterprises Inc.

The agency said it assigned its BBB issue-level ratings to Cox Communications Inc.'s $1 billion notes due 2022 and $500 million notes due 2042.

The agency said the ratings reflect S&P's view of an overall satisfactory business position, primarily derived from the company's well-positioned TV operations, which provide good revenue visibility, solid cash flow generations and our expectation of a prudent financial policy.

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