Fitch: Cox unaffected

Fitch Ratings said that Cox Communications, Inc. announced today that it will make $750 million in cumulative dividends to its parent Cox Enterprises, Inc. in the first half of 2008, adding that the dividend announcement by the company is directly in line with Fitch's rating linkage methodology and has no impact on the company's BBB- ratings and positive outlook.

While Fitch said it analyzes the companies' credit profiles on both a standalone and consolidated basis, the issuer default ratings of the issuing entities are ultimately linked based on the consolidated credit profile of the entire company.

Fitch noted that the ratings continue to be supported by the company's business diversification, conservative fiscal policies, stability of operating businesses and growth prospects of its cable and Auto Trader segments.

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