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Fitch rates Cox notes BBB+
Fitch Ratings said it assigned a BBB+ rating to Cox Communications, Inc.'s (CCI) planned benchmark issuances of two senior unsecured note tranches. CCI is a wholly owned subsidiary of Cox Enterprises, Inc., which will guarantee the notes.
The agency affirmed CCI’s BBB+ ratings on Jan. 27.
CCI is expected to use the proceeds for general corporate purposes including the redemption, repayment or repurchase of upcoming maturities.
The outlook is stable.
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