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BellSouth Telecommunications $1.8 Billion Extendible Liquidity Securities Rated 'AA-/A-1+' Dec 00
Standard & Poors, Dec 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 8, 2000--Standard & Poor's today assigned its double-'A'-minus/'A-1'-plus long-term and short-term senior unsecured ratings to BellSouth Telecommunications Inc.'s $1.8 billion extendible liquidity securities. This issue initially matures on Jan. 4, 2002, with the option by the investor to extend the maturity on a quarterly basis thereafter, up to December 2004, with final maturity no later than Jan. 4, 2006. Proceeds will be used to repay commercial paper borrowings. At the same time, Standard & Poor's affirmed its other ratings on BellSouth Telecommunications, its parent BellSouth Corp., and related units (see list below). The outlook is negative. The ratings on BellSouth Corp. and its telephone operating company BellSouth Telecommunications reflect its favorable business position...
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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