MCI expects rating by end of year for $5.7 billion notes issued April 20

By Ted A. Knutson

Washington, Nov. 4 - MCI Inc. indicated Thursday it expects $5.7 billion in unrated senior unsecured notes issued April 20 will be rated by year-end.

"The company has initiated discussions with the rating agencies and expects the process to be completed by the end of 2004," MCI said in a news release announcing third quarter results.

The notes include $1.983 billion 5.908% notes due May 1, 2007; $1.983 billion 6.688% notes maturing May 1, 2009; and $1.699 billion 7.735% senior notes due May 1, 2014.

Ashburn, Va.-based MCI is a global telecommunications company.

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