SAN FRANCISCO (Standard&Poor's) Feb. 12, 2009--Standard&Poor's Rating Services said today it assigned its `BBB-' rating to the notes expected to be issued by Cox Communications Inc. The unsecured notes, expected to total at least $500 million, will be sold under Rule 144A and will not have registration rights. Cox Communications is a wholly owned subsidiary of, and rated on a consolidated basis with, privately held Atlanta-based Cox Enterprises Inc. (CEI). CEI also owns a wholesale automobile auction business as well as various media properties. Proceeds from the new notes will be used to reduce borrowings under the Cox Communications revolver. At the same time, we affirmed the ratings on CEI and its subsidiaries, including the `BBB-`
