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BellSouth Corp. Long-Term Ratings Lowered, Off Watch; Outlook Negative Jun 00
Standard & Poors, June 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) June 30, 2000--Standard & Poor's today lowered its long-term ratings on BellSouth Corp. and related entities, including BellSouth Telecommunications Inc. (see list below). The ratings are removed from CreditWatch, where they had been placed with negative implications on Dec. 13, 1999. The CreditWatch placement followed the announcement of BellSouth's plans to fund as much as $8 billion in the Netherlands' dominant telephone carrier Koninklijke KPN N.V. (KPN) for wireless and other ventures focused predominately in European markets. At the same time, Standard & Poor's affirmed its short-term ratings on BellSouth Capital Funding Corp. and BellSouth Telecommunications Inc. (see list). These ratings were not on CreditWatch. The outlook is negative. The downgrade is based on...
Companies mentioned in this report are: BellSouth Corp.,BellSouth Telecommunications Inc.,BellSouth Capital Funding Corp.,BellSouth Telecommunications 1994-A Pass Through Trust
Action: Downgraded, Off 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.
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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