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Fitch Rates Cox Enterprise's Proposed Term Loan 'BBB+'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to Cox Enterprise Inc.'s (CEI) proposed $1.85 billion senior unsecured term loan facility due Dec. 31, 2017. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. Proceeds from the term loan are to be used to fund a portion of the approximately $4.6 billion acquisition of Dealertrack Technologies (Dealertrack) announced on June 15, 2015. The balance of the acquisition will be funded through

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