- Language: English
- 58 Pages
- Published: February 2012
- Region: Tanzania
CSX Corp. Unit's $231 Million and $105 Million Notes Rated 'BBB' Jul 04
- Published: July 2004
- Standard & Poors
NEW YORK (Standard & Poor's) July 27, 2004--Standard & Poor's Ratings Services assigned its 'BBB' rating to CSX Corp. (BBB/Negative/A-3) unit CSX Transportation Inc.'s (CSXT; BBB/Negative/--) $231 million 9 3/4% notes due June 15, 2020, and $105 million 7 7/8% notes due May 15, 2043. The notes are being issued as part of a series of related transactions in which Conrail Inc. (BBB/Negative/--) unit Consolidated Rail Corp. (Conrail; BBB/Negative/--) proposes to transfer its New York Central Lines LLC (NYC) subsidiary to CSXT and its Pennsylvania Railroad LLC (PRR) subsidiary to Norfolk Southern Corp. unit Norfolk Southern Railway Co. (NSR). The notes are initially being offered by NYC Newco Inc., a newly formed subsidiary of CSXT, which will be merged with...
Companies mentioned in this report are: CSX Corp.,Norfolk Southern Corp.,CSX Transportation Inc.,Consolidated Rail Corp.,Norfolk Southern Railway Co.,Conrail Inc.
Action: New Rating
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Research type: News
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CSX Corp.,Norfolk Southern Corp.,CSX Transportation Inc.,Consolidated Rail Corp.,Norfolk Southern Railway Co.,Conrail Inc.