New York, May 14, 2013 -- Moody's Investors Service ("Moody's") has assigned a Baa3 rating to Qwest Corporation's proposed offering of senior unsecured notes due 2053. The proceeds from the note offering are expected to be used to retire a portion of Qwest Corporation's$750 million Floating Rate Notes due June 15, 2013. As a result of the company addressing this near term maturity, Moody's has raised CenturyLink, Inc.'s ("CenturyLink" or "the company") Speculative Grade Liquidity (SGL) rating to SGL-2 from SGL-3. The company's other ratings and stable outlook remain unchanged.

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