Fitch rates Lumen notes BB

Fitch Ratings said it assigned a BB/RR4 rating to CenturyLink, Inc.’s (Lumen Technologies) planned senior unsecured notes due 2029.

The BB rating is the same as Fitch’s rating for the company.

Proceeds and cash on hand are expected to be used for general corporate purposes, including the redemption of $500 million of Qwest Corp.'s 6.125% senior unsecured notes due 2053 and reducing Lumen's revolver or other indebtedness.

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