Sustainability in the Global Defense Industry 2011-2012: Market Trends and Opportunities, Forecast of Budgets and Profitability, Defense Industry Procurement and Marketing Initiatives
- Published: September 2011
- Region: Global
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. On Aug. 24, 2011, Standard & Poor's Ratings Services assigned its 'BBB' issue-level rating to Waste Management Inc.'s $500 million senior unsecured notes due 2016, which the...
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Waste Management Inc.,Waste Management Holdings Inc.