Fitch gives Discovery Communications notes BBB-

Fitch Ratings said it assigned a BBB- rating to Discovery Communications LLC's proposed senior unsecured notes.

Proceeds are expected to be used for general corporate purposes, including debt repayment.

The notes will be guaranteed on a senior unsecured basis by Discovery Communications, Inc.

As of Dec. 31, Discovery had about $7.8 billion of debt outstanding.

Fitch said the ratings are supported by the company's strong core brands, particularly the Discovery and TLC brands, both of which reach nearly 100 million subscribers across the U.S. In addition, the ratings incorporate the revenue and growth prospects of the company's international business segment, global carriage, leverageable content, robust free cash flow and solid credit metrics at the BBB- issuer default rating.

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