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S&P Assigns 'AA' Rtg to ABB Holdings; Outlook Stable Jul 98 Product Image

S&P Assigns 'AA' Rtg to ABB Holdings; Outlook Stable Jul 98

  • ID: 1826651
  • July 1998
  • Standard & Poors

FEATURED COMPANIES

  • ABB Finance Inc.
  • ABB Holdings Inc.
  • MORE

Abstract
LONDON -- Standard & Poor's CreditWire 7/9/98 ?- Standard & Poor's today assigned its double-'A' long-term corporate credit rating to ABB Holdings Inc., Delaware U.S. (USHOL). The outlook is stable. The rating on USHOL, established April 1, 1998, is based on the ratings of ABB Asea Brown Boveri Ltd. (double-'A'/Stable/'A-1'-plus) and related entities. As an indirectly wholly owned intermediate holding company, owning 100% of the U.S. operations of the ABB group, the rating of USHOL is equalized to the ratings of ABB, reflecting USHOL's and operating subsidiaries' strategic importance to, and integration in, the consolidated ABB group, as well as the credit quality of the overall group. USHOL is also the indirect 100% parent company for two finance vehicles --...

Companies mentioned in this report are:
- ABB Holdings Inc.
- ABB Asea Brown Boveri Ltd.
- ABB Treasury Center (USA) Inc.
- ABB Finance Inc.

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.

- ABB Holdings Inc.
- ABB Asea Brown Boveri Ltd.
- ABB Treasury Center (USA) Inc.
- ABB Finance Inc.

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