|
|
 |
|
Viewing report
|
|
|
|
Burlington Northern Santa Fe Corp. Jul 04
Standard & Poors, July 2004
Abstract
Positive risk characteristics of the U.S. freight railroad industry; Large and strategically important rail network; Positive near- to intermediate-term outlook due to improving demand and continuing yield improvement initiatives; and Diversified traffic mix and customer base. Significant debt levels (boosted by debt-financed share repurchases in the past); Capital intensity of operations; and Price competition from trucking companies and other railroads in certain commodity areas. Ratings on Burlington Northern Santa Fe Corp. (BNSF) reflect the company's strong competitive position in the low-risk U.S. freight railroad industry and its improved operating outlook. Offsetting these strengths, to some extent, is price competition from other railroads and trucking companies and the capital intensity of the industry. BNSF operates the second-largest rail network in North...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,BNSF Railway Co.
Action: Review
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: Full Analysis
|
|
|
|
