TEXT-S&P rates Time Warner debt securities 'BBB'

June 8 - Standard & Poor's Ratings Services said today that it assigned its
'BBB' rating to New York City-based entertainment conglomerate Time Warner
Inc.'s proposed issuance of up to $1 billion of debt securities. The
company plans to split the offering between senior notes due 2022 and senior
debentures due 2042. The company plans to use the net proceeds of the debt
issuance for general corporate purposes. Although the transaction increases Time
Warner's pro forma ratio of fully adjusted debt

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