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BellSouth Corp. $2.75 Billion Senior Unsecured Notes Rated 'A+' Oct 01
Standard & Poors, Oct 2001
Abstract
NEW YORK (Standard & Poor's) Oct. 24, 2001--Standard & Poor's today assigned its single-'A'-plus rating to BellSouth Corp.'s $1 billion 5% senior unsecured notes due 2006, $1 billion 6% senior unsecured notes due 2011, and $750 million 6.875% senior unsecured notes due 2031. At the same time, Standard & Poor's affirmed its existing ratings on BellSouth and related entities (see list below). The outlook is stable. Proceeds of the new note issues will be used to refinance commercial paper; replace some outstanding guarantees provided to minority-owned business ventures, including E-plus Mobilfunk; and replace some $500 million of long-term debt that is being tendered. The ratings on BellSouth had already incorporated additional debt in the form of $3 billion in loan...
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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