NEW YORK (Standard&Poor's CreditWire) Nov. 1, 2000--Standard&Poor's today lowered its long-term ratings on Cox Communications Inc (CCI), Cox Enterprises Inc. (CEI), and Cox Radio (CXR; see list below). At the same time, Standard&Poor's affirmed its short-term ratings on CCI and CEI (see list). The outlook is stable. The ratings on CEI and its majority-owned units CCI and CXR are based on a consolidated analytical view. The downgrade reflects increased capital expenditures levels at CCI, continued higher debt levels, and the expectation that credit measures for the consolidated group will be more reflective of a triple-'B' rating level over the next few years. In addition, the value of the group's Sprint PCS holdings, which Standard
