SAN FRANCISCO (Standard&Poor's) Sept. 29, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Atlanta-based Cox Enterprises Inc. (CEI; BBB-/Stable/A-3) and its cable TV subsidiary, Cox Communications Inc. (CCI; BBB-/Stable/A-3), are not affected by the announcement that CCI has declared a $1 billion dividend to CEI. An initial $600 million payment will be made on Sept. 29, 2008, with the balance to be paid in the fourth quarter of 2008. Since we analyze CEI and CCI on a consolidated basis, the transaction does not affect overall financial parameters. While there will be a small increase in leverage at CCI of approximately 0.3X on a pro forma basis, consolidated liquidity remains good, with an aggregate
