NEW YORK (Standard&Poor's) Dec. 1, 2014—Standard&Poor's Ratings Services today assigned its 'BBB' issue-level ratings to the proposed notes (maturity and amount to be determined) issued by Atlanta-based diversified media and telecom company Cox Communications Inc. (CCI), a wholly owned subsidiary of Cox Enterprises Inc. (CEI). We expect CCI to use proceeds from the sale of the notes, along with cash on hand and other funds, for general corporate purposes including to fund a $1 billion dividend to CEI, and the redemption of upcoming maturities including the 5.45% notes due December 2014, the 5.50% notes due October 2015, and the 7.25% notes due November 2015. As a result, we expect gross leverage to increase by about $500
