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Ameritech Capital Funding's $1B Sr Debt Securities Shelf Rated Prelim `AA+', On Watch Negative
Standard & Poors, March 1999
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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
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