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BellSouth Capital Funding $1.5 Billion Notes Rated 'AAA', Placed on CreditWatch Negative Feb 00
Standard & Poors, Feb 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Feb. 11, 2000--Standard & Poor's today assigned its triple-'A' rating to BellSouth Capital Funding Corp.'s $1.5 billion notes and debentures due in 2010 and 2030, issued under a support agreement with parent BellSouth Corp., and placed the rating on CreditWatch with negative implications. Proceeds will be used to refinance a portion of the commercial paper incurred by BellSouth Capital Funding to fund its $3.5 billion investment in Qwest Communications International Inc. The long-term ratings on BellSouth Corp., BellSouth Telecommunications Inc., and related entities remain on CreditWatch with negative implications (see list below), where they were placed on Dec. 13, 1999. Standard & Poor's also affirmed its short-term ratings on BellSouth Capital Funding Corp. and...
Companies mentioned in this report are: BellSouth Corp.,BellSouth Telecommunications Inc.,BellSouth Capital Funding Corp.,BellSouth Telecommunications 1994-A Pass Through Trust
Action: New Rating
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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