Cox Communications Inc.'s Proposed Unsecured Notes Due 2053 Rated 'BBB'

NEW YORK (S&P Global Ratings) Jan 16, 2024--S&P Global Ratings today assigned its 'BBB' issue-level rating to Cox Communications Inc.'s proposed unsecured notes due 2053. The rating is in line with our 'BBB' issuer credit rating on the company's parent, Cox Enterprises Inc., because the debt ranks equally with Cox Communications' other debt and is guaranteed by the parent. Our existing 'BBB' issue-level rating on the company's 5.45% unsecured notes due 2028 and 5.7% unsecured notes due 2033 are unaffected by the transaction. Cox Communications will use the proceeds from these notes for general corporate purposes, which may include repaying its $539 million 3.15% notes due August 2024. Our 'BBB' issuer credit rating on Cox Enterprises is unaffected by this

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