TEXT - Fitch rates Clear Channel Communications notes

Feb 22 - Fitch Ratings has assigned a 'CCC/RR4' rating to Channel Communications, Inc. (Clear Channel) $575 million senior secured priority guarantee note (PGN) due 2021. The notes will rank pari passu with the existing secured credit facilities and the existing secured PGN. Fitch currently has a 'CCC' Issuer Default Rating (IDR) on Clear Channel. A full list of ratings follows at the end of this release. Proceeds of the issuance, along with proceeds from borrowings under Clear Channel's rece