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Waste Management Inc. New Senior Unsecured Notes Rated 'BBB'; 'BBB' Corporate Credit Rating Affirmed With Stable Outlook Aug 11
Standard & Poors, August 2011
U.S. waste collection and disposal services provider Waste Management Inc. has issued $500 million of senior unsecured notes. We expect the company to use the proceeds for the repayment of revolving credit facility borrowings as well as for general corporate purposes. We assigned a 'BBB' rating to the senior unsecured notes and affirmed our 'BBB' corporate credit ratings on the company and its affiliates. The ratings and stable outlook reflect Waste Management's strong business risk profile, highlighted by the essential nature of services provided, leading market position and diversity, and healthy operating margins. NEW YORK (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services said today that it assigned its 'BBB' issue-level rating to Waste Management Inc.'s $500 million...
Companies mentioned in this report are: Waste Management Inc.,Waste Management Holdings Inc.
Action: New Rating
Action: Outlook: Stable
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.
Waste Management Inc.,Waste Management Holdings Inc.