Fitch Completes IDR Release for U.S. Telecomm/Cable/Satellite Sector.

NEW YORK -- Fitch Ratings has completed the assignment of Issuer Default Ratings (IDRs) for its U.S. telecommunications, cable, and satellite sector coverage. This release completes the IDR assignment that began with the Aug. 9, 2005 release of IDRs and recovery ratings for 'B+' and lower rated companies.

The IDR reflects the ability of an issuer to meet all financial commitments on a timely basis, effectively becoming the benchmark probability of default. Securities in an issuer's capital structure will be rated higher, lower, or the same as the IDR on the basis of their relative recovery prospects. (For further details, please see Fitch's Special Report: The Role of Recovery Analysis in Ratings, dated Feb. 14, 2005 and available at www.fitchratings.com.) The process of establishing ratings for the obligations of issuers rated between 'AAA' and 'BB-' will refer, for the most part, to aggregate recoveries on the defaulted bond market as a whole and not to issuer-specific analysis, since default is not imminent and the enterprise value and capital structure will likely change over time. For this reason, recovery assessments and thus individual issue ratings will be based more on the long-term averages of recovery for that type of security, after giving consideration to additional issues such as collateral value, relative subordination, and other determinants of recovery.

Following are the IDR ratings assigned for the full list of Fitch's coverage for the U.S. telecommunications/cable/satellite sector rated between 'AAA' and 'BB-'.

ALLTEL Corporation 'A'

ALLTEL of Georgia 'A'

-- 360 Communications 'A'

AT&T Corp 'BB+'

BCE, Inc. 'A-'

Bell Canada 'A'

BellSouth Corporation 'A'

BellSouth Capital Funding 'A'

BellSouth Telecommunications 'A'

CenturyTel 'BBB+'

Cingular Wireless 'A'

-- AT&T Wireless 'A'

Citizens Communications 'BB'

Comcast Corporation 'BBB'

Comcast Cable Communications Holdings, Inc. 'BBB'

Comcast Cable Communications, Inc. 'BBB'

Comcast Cable Holdings, LLC 'BBB'

Comcast MO of Delaware, LLC 'BBB'

Comcast MO Group, Inc. 'BBB'

Cox Communications 'BBB-'

CSC Holdings, Inc. 'BB-'

DIRECTV Holdings, LLC 'BB'

Echostar Communications Corp. 'BB-'

Echostar DBS Corp. 'BB-'

Rogers Communications, Inc. 'BB-'

Rogers Wireless, Inc. 'BB-'

Rogers Cable 'BB-'

-- Call-Net Enterprises, Inc. 'BB-'

SBC Communications 'A+'

SBC Communications Capital 'A+'

-- Ameritech Capital Funding 'A+'

Indiana Bell Telephone Company 'A+'

Michigan Bell Telephone Company 'A+'

Pacific Bell Telephone Company 'A+'

Wisconsin Bell Telephone Company 'A+'

Southern New England Telephone 'A+'

Southwestern Bell Telephone 'A+'

Southwestern Bell Capital Corp. 'A+'

Sprint-Nextel Corp. 'BBB+'

Sprint Corp. 'BBB+'

Sprint Capital 'BBB+'

Nextel Communications 'BBB+'

Nextel Finance Company 'BBB+'

-- Carolina Telephone & Telegraph 'BBB+'

Sprint-Florida 'BBB+'

Telecomunicaciones de Puerto Rico, Inc.'BBB+'

Telephone & Data Systems 'BBB+'

United States Cellular Corp. 'BBB+'

Telus, Corp. 'BBB'

Telus Communications, Inc. 'BBB'

Verizon Communications 'A+'

Verizon Global Funding Corp. 'A+'

Verizon Credit Corp. 'A+'

Verizon Delaware 'A+'

Verizon Maryland 'A+'

Verizon New England 'A+'

Verizon New York 'A+'

Verizon New Jersey 'A+'

Verizon Pennsylvania 'A+'

Verizon Virginia 'A+'

Verizon West Virginia 'A+'

-- GTE Corp. 'A+'

Verizon California 'A+'

Verizon Florida 'A+'

Verizon North 'A+'

Verizon Northwest 'A+'

Verizon South 'A+'

-- GTE Southwest 'A+'

NYNEX Corp. 'A+'

-- Cellco Partnership 'A+'

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.