S&P rates GCI notes B+

Standard & Poor's said it assigned its B+ rating to the proposed $200 million senior notes due 2014 to be issued by GCI Inc.

S&P also affirmed its outstanding ratings on GCI, including the BB corporate credit rating and B+ senior unsecured debt rating. The outlook remains negative.

S&P said GCI has a substantial degree of business risk that results from a significant exposure to the highly competitive telecommunications business, modest market size, and lack of geographical diversity. Partially mitigating this business risk are a well-positioned cable television business and a fairly moderate financial risk profile.

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