Moody's rates Qwest notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to Qwest Corp.'s proposed offering of senior unsecured notes due 2052.

Qwest parent company CenturyLink's other ratings and negative outlook remain unchanged.

The proceeds from the note offering, together with available cash and additional borrowings under CenturyLink's revolving credit facility, are expected to be used to repurchase a portion of Qwest's $400 million 7.625% notes due 2015 and $810.5 million 8.375% notes due 2016.

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