TEXT-S&P rates Qwest proposed notes 'BBB-'

June 14 - Standard & Poor's Ratings Services said today that it assigned its 'BBB-' issue-level rating and '1' recovery rating to Qwest Corp.'s proposed senior notes (undetermined amount) due 2052. The '1' recovery rating indicates our expectation for very high (90% to 100%) recovery in the event of payment default. The company intends to use proceeds from the notes, along with cash on the balance sheet and borrowings from the revolving credit facility of parent company Monroe, La.-based teleco