NEW YORK (Standard&Poor's) Sept. 17, 2002--Standard&Poor's Rating Services said today that it assigned its triple-'B' rating to cable operator Cox Communications Inc.'s (CCI) proposed shelf drawdown of $1 billion senior notes due 2012. CCI is a 63.4%-owned subsidiary of Cox Enterprises Inc. (CEI). The proceeds of the notes will be used to refinance upcoming maturities and for cash settlement of the $500 million trust-issued RHINOs security. Standard&Poor's also affirmed its triple-'B' corporate credit rating on Atlanta, Ga.-based CEI. The outlook is stable. As of June 30, 2002, CCI had pro forma total debt outstanding of about $8.6 billion, after adding back a $1.1 billion FASB adjustment for derivatives. "CCI is the only division within
