- Published: May 2012
- Region: United States
Summary: Burlington Northern Santa Fe LLC Mar 11
- Published: March 2011
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Fort Worth, Texas-based Burlington Northern Santa Fe LLC (BNSF) reflect the company's strong competitive position in the low-risk U.S. freight railroad industry and solid earnings and cash flow generation, as well as the one-notch credit for potential support from parent Berkshire Hathaway Inc. (which acquired BNSF on Feb. 12, 2010). The ratings do not incorporate an explicit parental guarantee from Berkshire Hathaway. However, we give credit for potential support from the more highly rated parent. Price competition from other railroads and trucking companies and the capital intensity of the industry partially offset these strengths. Given improving freight volumes, strong operating efficiency, and stable pricing trends, we expect BNSF to maintain satisfactory operating profitability...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,Berkshire Hathaway Inc.,BNSF Railway Co.
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Burlington Northern Santa Fe LLC,Berkshire Hathaway Inc.,BNSF Railway Co.