Fitch rates Qwest notes BB

Fitch Ratings said it assigned a BB rating to $250 million of seven-year senior unsecured notes issued by Qwest Corp. Qwest Corp. is an indirect, wholly owned subsidiary of Qwest Communications International Inc.

The proceeds from this issuance will be used for general corporate purposes. The outlook is stable.

Overall, Fitch said its ratings reflect the stable cash flow generated by and the market position of Qwest's local-exchange business, reduced debt levels and improved liquidity position.

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