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BellSouth Corp.'s and BellSouth Telecom's ?AAA' Ratings Are Under Pressure Oct 99
Standard & Poors, Oct 1999
Abstract
Atlanta, Ga.-based BellSouth Corp. has steadfastly remained the last of the seven original regional Bell operating companies (RBOCs) to be unaffiliated, either with another RBOC or a national, facilities-based long-distance carrier. However, amid mounting competitive pressures and a frenzy of merger activity in the telecommunications industry, BellSouth recently joined the fray with its bid for Sprint Corp., an offer that was ultimately bested by MCI WorldCom Inc. several weeks ago. Although terms of the failed BellSouth proposal remain publicly undisclosed, the company's willingness to merge with the 'BBB+' rated Sprint underscores its increasingly aggressive appetite for acquisitions to expand its geographic footprint and bundled telecommunications services capabilities. This strategy arguably could improve the company's longer-term business position in competitive markets....
Companies mentioned in this report are: BellSouth Telecommunications Inc.,Sprint Nextel Corp.,BellSouth Corp.,MCI Inc.,Qwest Communications International Inc.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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