CHICAGO–(BUSINESS WIRE)–Fitch Ratings has assigned a ‘BB-/RR4’ rating to Communications Sales & Leasing, Inc.’s (CS&L) senior unsecured debt offering. CS&L is offering approximately $400 million of senior unsecured notes due 2024 and proceeds are expected to be used to pay down revolver borrowings and for general corporate purposes. CS&L and its co-issuer CSL Capital, LLC, have long-term Issuer Default Ratings (IDRs) of ‘BB-‘. The Rating Outlook is Stable. KEY RATING DRIVERS S
