 Moodys Investors Service Moodys has assigned a Ba3 to CenturyLink, Inc.s CenturyLink proposed 1 billion senior unsecured notes due 2028 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 5.375 senior notes due 2022 and for general corporate purposes. 