NEW YORK (Standard&Poor's CreditWire) Nov. 30, 1999--Standard&Poor's today assigned its triple-'B'-r rating to Cox Communications Inc.'s (CCI) $1.1 billion offering of PRIZES exchangeable subordinated debt securities. These consist of three-year, 2% units that are mandatorily convertible into a 27-year, 7.75% security, which ultimately pays the investor based on the underlying value of a specific number of shares of Sprint Corp. PCS stock. The 'r' designation reflects the fact that the holder is exposed to market risk through the securities' features. In addition, Standard&Poor's affirmed all outstanding ratings for CCI and the company's 65% owner, Cox Enterprises Inc. (CEI), as listed below. The rating outlook is stable. The ratings reflect Standard&Poor's consolidated analytical
