|
|
 |
|
Viewing report
|
|
|
|
BellSouth Corp. Aug 03
Standard & Poors, Aug 2003
Abstract
The company's large, entrenched customer base and significant scale economies enable it to generate substantial levels of operating cash flow from the local wireline business. Regulatory relief in all of its states has enabled the company to offer long-distance services as an important customer 'win-back' vehicle. The company also benefits from its 40% interest in Cingular Wireless, which partially mitigates the risk of wireless substitution. The conservatively capitalized balance sheet provides extremely strong liquidity in the intermediate term. The company has been subject to increasing competition since the beginning of 2002. The majority of the competitive losses have been in the form of lines provided under the FCC mandated unbundled network element platform (UNE-P), which are often provided at a...
Companies mentioned in this report are: BellSouth Corp.,BellSouth Telecommunications Inc.,BellSouth Capital Funding Corp.,BellSouth Telecommunications 1994-A Pass Through Trust
Action: Review
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: Full Analysis
|
|
|
|
