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Burlington Northern Santa Fe Corp. Ratings Affirmed; Outlook to Stable From Negative May 04
Standard & Poors, May 2004
Abstract
NEW YORK (Standard & Poor's) May 27, 2004--Standard & Poor's Ratings Services said today it affirmed its ratings, including the 'BBB+' corporate credit ratings, on Burlington Northern Santa Fe Corp. (BNSF) and unit Burlington Northern and Santa Fe Railway Co. The outlook was revised to stable from negative. The outlook change reflects Standard & Poor's belief that positive market conditions will enable the company to achieve the improvement in credit protection measures factored into existing ratings and that management's ongoing efforts to reward shareholders will not jeopardize the expected improvement. The Fort Worth, Texas-based freight railroad has about $10.8 billion of lease-adjusted debt. 'The outlook revision reflects prospects for improved operating performance and an improvement in the financial profile of...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,BNSF Railway Co.
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.
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