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TELE-COMMUNICATIONS $1.05 BILLION DEBT RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 8 /PRNewswire/ -- Tele-Communications, Inc. (TCI)'s 8-1/4 percent $550 million senior notes due Jan. 15, 2003 and 9-1/4 percent $500 million senior debentures due Jan. 15, 2023, are rated BBB-' by Fitch. Ratings on TCI's outstanding $1.9 billion BBB-' senior debt, $379 million BB+' subordinated debt, and $101 million F-3' commercial paper are affirmed. The credit trend is stable.
 The rating reflects TCI's dominant position within the cable television industry, the favorable outlook for the industry itself, and the company's recent and expected cash flow performance. The rating also acknowledges the credit risk associated with TCI's moderately high debt- to-cash flow ratio and large interest burden. The combined effect of increasing cash flow and lower average interest rates, however, is expected to improve interest coverage further over the next few years.
 TCI is the largest cable television company in the U.S. The company provides cable service to approximately 9.4 million subscribers nationwide. The company also has ownership interests in other cable television companies that control an additional 3.3 million subscribers worldwide.
 -0- 1/8/93
 /CONTACT: Keith B. Foley of Fitch, 212-908-0572/
 (TCOM)


CO: Tele-Communications, Inc. ST: Colorado IN: ENT SU: RTG

SH -- NY027 -- 3015 01/08/93 11:59 EST
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Publication:PR Newswire
Date:Jan 8, 1993
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