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We study the stabilizability of uncertain stochastic systems in the presence of finite capacity feedback. Motivated by the structure of communication networks, we consider a variable rate digital link. Such link is used to transmit state measurements between the plant and the controller. We derive necessary and sufficient conditions for internal and external stabilizability of the feedback loop. In accordance with previous publications, stabilizability of unstable plants is possible if and only if the link's average transmission rate is above a positive critical value. In addition, stability in the presence of uncertainty in the plant is analyzed using a small-gain argument. We also show that robustness can be increased at the expense of a higher transmission rate.