|
|
 |
|
Viewing report
|
|
|
|
Research Update: AT&T Inc., BellSouth, Cingular Wireless Corporate Credit Ratings Affirmed At 'A', Off Watch Jan 07
Standard & Poors, Jan 2007
Abstract
On Jan. 2, 2007, Standard & Poor's Ratings Services affirmed its ratings on regional Bell operating companies AT&T Inc. (A/Negative/A-1), BellSouth Corp. (A/Negative/A-1), and the combined company's wholly owned wireless communications company, Cingular Wireless LLC (A/Negative/--), including the 'A' corporate credit ratings on the companies. At the same time, we removed all the ratings for the three companies from CreditWatch. These actions followed the Dec. 29, 2006, closing of AT&T's acquisition of BellSouth. The outlooks are negative. On a pro forma basis, the new AT&T, including Cingular Wireless, had about $63 billion of debt reported as of Sept. 30, 2006. Standard & Poor's had earlier indicated its intention to affirm all ratings if the acquisition was consummated under the proposed...
Action: Affirmed
Action: Removed From CreditWatch
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
|
|
|
|
