New York, August 07, 2015 -- Moody's Investors Service has downgraded the corporate family rating (CFR) of Communications Sales & Leasing, Inc ("CS&L" or "the company") to B2 from B1 following a downgrade of its sole tenant Windstream Services, LLC ("Windstream"). Moody's has also downgraded CS&L's senior unsecured notes to Caa1 from B3 and senior secured notes and 1st lien credit facilities to B1 from Ba3. The outlook is stable.

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