CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB-' rating to Qwest Corporation's (QC) offering of senior unsecured notes due 2055. QC is an indirect wholly owned subsidiary of CenturyLink, Inc. (CenturyLink). Net proceeds from the offering will be used to call QC's $250 million 7.2% notes due 2026, and any remaining proceeds will be used to repay a portion of its $1 billion 6.875% notes due 2033. QC's and CenturyLink's Issuer Default Rating (IDR) is 'BB+' and the Rating Outlook is St
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