Key Developments: Qwest Corp (CTX)
22 May 2013
Latest Key Developments (Source: Significant Developments)
(The following statement was released by the rating agency) CHICAGO, May 14 (Fitch) Fitch Ratings has assigned a 'BBB-' rating to Qwest Corporation's (QC) proposed offering of senior unsecured notes due 2053. Proceeds are expected to be used to partially repay $750 million of senior unsecured notes maturing on June 15, 2013. QC is an indirect wholly owned subsidiary of CenturyLink, Inc. (CenturyLink). QC's and CenturyLink's Issuer Default Rating (IDR) is 'BB+'. The Rating Outlook is Stable.