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TELE-COMMUNICATIONS $350 MILLION DEBT RATED 'BBB-/BB+' BY FITCH -- FITCH FINANCIAL WIRE --

 TELE-COMMUNICATIONS $350 MILLION DEBT RATED 'BBB-/BB+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 4 /PRNewswire/ -- Tele-Communications, Inc.'s (TCI) $200 million senior notes due April 15, 2002, are rated 'BBB-' by Fitch. The company's issue of $150 million subordinated notes due April 15, 2022, is rated 'BB+'. The credit trend is stable.
 The ratings reflect TCI's dominant industry position, diversified subscriber base, favorable industry profile, and demonstrated ability to access both the public and private capital markets. Also, its corporate structure protects parent company debtholders from TCI's self-financing, non-recourse subsidiaries and affiliates. The rating also acknowledges the credit risk associated with TCI's moderately high debt-to-cash flow ratio and large interest burden. The company has extended its debt maturity and lowered its average interest cost over the past three years. Overall, lower average interest rates, increasing cash flow, and reduced debt levels should improve interest coverage slightly over the next several years. Fitch also considers the cable television industry's comparatively strong profile a key strength in the senior rating.
 TCI, a publicly owned company headquartered in Denver, Colo., is the largest cable television company in the U.S. TCI provides cable service to approximately 8.9 million basic subscribers and 5.9 million pay channel units nationwide. The company also has ownership interests in other cable television companies that control an additional 2.4 million basic subscribers and 1.6 million pay channel units.
 -0- 5/4/92
 /CONTACT: Keith Foley of Fitch, 212-908-0572/
 (TCOMA) CO: Tele-Communications Inc. ST: Colorado IN: ENT SU: RTG


PS -- NY069 -- 6053 05/04/92 12:34 EDT
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Date:May 4, 1992
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