|
|
 |
|
Viewing report
|
|
|
|
BellSouth Corp. Aug 01
Standard & Poors, Aug 2001
Abstract
The ratings on BellSouth Corp. reflect its favorable business positions in the local telephone and domestic wireless markets, which generate strong operating cash flows. However, competition and a general economic slowdown present challenges for the company for the remainder of 2001. Longer term, such challenges could induce BellSouth to continue its forays into higher-risk, higher-growth business ventures, such as its Latin American wireless businesses. BellSouth has increasingly relied on debt to fund its expansion ventures, including its $3.5 billion investment in Qwest Communications International Inc. in 1999. Through March 31, 2001, debt had increased to $19.2 billion, from $17.0 billion at June 30, 2000 (excluding about $3.0 billion in loan guarantees primarily made to BellSouth's 22.5%-owned E-plus Mobilfunk German wireless...
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
|
|
|
|
