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Ameritech Capital Funding's $1B Sr Debt Securities Shelf Rated Prelim `AA+', On Watch Negative Mar 99 Product Image

Ameritech Capital Funding's $1B Sr Debt Securities Shelf Rated Prelim `AA+', On Watch Negative Mar 99

  • Published: March 1999
  • Standard & Poors

FEATURED COMPANIES

  • Ameritech Corp.
  • AT&T Inc.
  • Ohio Bell Telephone Co.
  • TDC A/S
  • Wisconsin Bell Inc.
  • MORE

Abstract
NEW YORK (Standard & Poor's CreditWire) March 10, 1999--Standard & Poor's today assigned its preliminary double-`A'-plus rating to Ameritech Capital Funding Corp.'s $1 billion senior unsecured debt securities shelf, guaranteed by parent Ameritech Corp., and placed the rating on CreditWatch with negative implications. Standard & Poor's ratings on Ameritech Corp. and subsidiaries (see list) remain on CreditWatch with negative implications, where they were placed May 11, 1998. The CreditWatch placement followed the announced definitive merger agreement with SBC Communications Inc. to be consummated through a stock exchange. The merger is expected to close in 1999. Ameritech's ratings reflect the high level of operating efficiency and extremely strong measures of credit quality associated with the company's core telephone and cellular businesses....

Companies mentioned in this report are:
- Ameritech Corp.
- Illinois Bell Telephone Co.
- Indiana Bell Telephone Co.
- Michigan Bell Telephone Co.
- Ohio Bell Telephone Co.
- Wisconsin Bell Inc.
- AT&T Inc.
- Ameritech Capital Funding Corp.
- TDC A/S

Action: New Rating

Standard READ MORE >

- Ameritech Corp.
- Illinois Bell Telephone Co.
- Indiana Bell Telephone Co.
- Michigan Bell Telephone Co.
- Ohio Bell Telephone Co.
- Wisconsin Bell Inc.
- AT&T Inc.
- Ameritech Capital Funding Corp.
- TDC A/S

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