Fitch assigns Cincinnati Bell notes B

Fitch Ratings said it assigned a B rating with a recovery rating of 4 rating to Cincinnati Bell Inc.'s proposed offering of $500 million of senior unsecured notes due 2020. The company's issuer default rating is B.

The outlook is stable.

The proceeds will be used to repay a portion of the outstanding borrowings on the company's senior secured credit facilities plus fees and expenses related to the note offering.

The ratings reflect expectations for relatively high, albeit stable leverage and its diversified revenue profile, Fitch said.

Risk factors incorporated into the rating include the competitive pressure on the company's wireline and wireless segments, as well as the expansion of its data center business, the agency said.

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