NEW YORK (Standard&Poor's) Sept. 16, 2014--Standard&Poor's Ratings Services assigned its 'BB-' issue-level rating and '4' recovery rating to New York City-based outdoor advertising company CBS Outdoor Americas Inc.'s (CBS Outdoor's) proposed $450 million unsecured notes due 2025. The '4' recovery rating indicates our expectation for average recovery (30%-50%) in the event of a payment default. CBS Outdoor's wholly owned subsidiaries, CBS Outdoor Americas Capital LLC and CBS Outdoor Americas Capital Corp., are coborrowers of this debt. CBS Outdoor also plans to add-on $100 million to its $400 million unsecured notes due 2022 (increasing the total issuance to amount $500) and to draw on the revolving credit facility for $90 million. The new unsecured note issuance has
