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BellSouth Corp. Long-Term Ratings Placed on CreditWatch With Negative Implications Dec 99
Standard & Poors, Dec 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 13, 1999--Standard & Poor's today placed its long-term ratings on BellSouth Corp., BellSouth Telecommunications Inc., and units on CreditWatch with negative implications (see list below). At the same time, Standard & Poor's affirmed its short-term ratings on BellSouth Telecommunications and BellSouth Capital Funding Corp. (see list). These ratings are not on CreditWatch. The CreditWatch placement follows the recent announcement of BellSouth's plans to fund as much as $8 billion in the Netherlands' dominant telephone carrier Koninklijke KPN N.V. (KPN) (double-'A'/Watch Neg/'A-1'-plus) for wireless and other ventures. Lent funds will be structured as two separate lending arrangements (of $3 billion and $5 billion) and have warrants and optional conversions to KPN and/or KPN Mobile...
Companies mentioned in this report are: BellSouth Corp.,BellSouth Telecommunications Inc.,BellSouth Capital Funding Corp.,BellSouth Telecommunications 1994-A Pass Through Trust
Action: On CreditWatch:Negative
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.
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