 Moodys Investors Service Moodys has assigned a Ba3 to CenturyLink, Inc.s CenturyLink proposed 840 million senior unsecured notes due 2029 Unsecured Notes which will be issued by Level 3 Financing, Inc. LFI. The net proceeds from the sale of the Unsecured Notes, together with cash on hand, will be used to pay down the 5.625 senior notes due 2023 and the 5.125 senior notes due 2023 as well as for general corporate purposes. 