Fitch applies A- to Comcast notes

Fitch Ratings said it assigned an A- rating to Comcast Corp.’s benchmark size senior unsecured notes maturing 2023 and 2026.

Proceeds are expected to be used for general corporate purposes, which may include the repayment of debt scheduled to mature during 2016.

The notes will be guaranteed by Comcast's subsidiaries included in the company's cross-guaranty structure.

The outlook is stable.

As of Dec. 31, Comcast had about $53.3 billion of debt and preferred stock outstanding, including $12.5 billion outstanding at NBCUniversal Media, LLC and $4.6 billion outstanding at NBCUniversal Enterprise.

Comcast's capital structure and financial strategy remains balanced between investing in its businesses, maintaining leverage at its target range of about 2 times, and returning excess capital to shareholders, Fitch said.

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