Moody's gives SGL-2 to GCI

Moody's Investors Service said it assigned GCI Inc. an SGL-2 speculative grade liquidity rating and affirmed the company's B1 corporate family and probability-of-default ratings, and B3 rating (LGD5, 84%) on its senior unsecured notes due in 2014.

The outlook is stable.

The actions follow a review of GCI's recently released fiscal third quarter results, Moody's said.

A review of GCI's third-quarter financial results confirms there is sufficient liquidity to continue funding the company's capital expansion plans, the agency said.

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