New York, July 21, 2015 -- Moody's Investors Service assigned a Baa2 rating to Time Warner Inc.'s ("Time Warner") proposed new eight-year euro-denominated notes of benchmark size. Net proceeds from the offering will be used for general corporate purposes. The new notes will be senior unsecured obligations of Time Warner, the ultimate parent, and will rank equally with all other existing unsecured debt of the company. The rating outlook is stable.

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