(The following statement was released by the rating agency)
CHICAGO, April 12 (Fitch) Fitch Ratings has affirmed and
withdrawn all of its ratings on Cincinnati Bell, Inc. (CBB) and
Cincinnati Bell, Inc.
--Issuer Default Rating (IDR) at 'B';
--$40 million senior secured notes at 'BB/RR1';
--$500 million senior unsecured notes due 2017 at 'B+/RR3';
--$684 million senior unsecured notes due 2020 at 'B+/RR3';
--$625 million senior subordinated notes at 'CCC+/RR6';
--$129 million convertible preferred stock at 'CCC+/RR6';
--$200 million senior secured revolving credit facility due 2017
Cincinnati Bell Telephone (CBT)
--IDR at 'B';
--Senior unsecured notes at 'BB/RR1'.
The Rating Outlook was Stable.
Fitch has withdrawn the aforementioned ratings for business
reasons. The ratings
are no longer relevant to the agency's coverage.
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549,
Additional information is available at 'www.fitchratings.com'.
The ratings above
were unsolicited and have been provided by Fitch as a service to
issuer did not participate in the rating process other than
through the medium
of its public disclosure.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (Aug. 8, 2012);
--'Rating Telecom Companies - Sector Credit Factors' (Aug. 9,
Applicable Criteria and Related Research
Rating Telecom Companies
Corporate Rating Methodology
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