SAN FRANCISCO (Standard&Poor's) Nov. 26, 2012--Standard&Poor's Ratings Services today assigned ratings to two debt issues of Cox Communications Inc., a wholly owned subsidiary of family controlled Atlanta-based Cox Enterprises Inc. (Cox). We assigned our `BBB' issue-level ratings to Cox Communications Inc.'s $1 billion notes due 2022 and $500 million notes due 2042. Approximately $1 billion of the proceeds will be used to refinance debt (including premiums) at Cox Communications and $500 million will be used to pay a dividend to Cox Enterprises Inc., which in turn will use the funds to finance a loan to its shareholders. Both debt issues will be sold under Rule 144A (regulation S outside of the US) without registration rights. The
