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Ratings on Burlington Northern Santa Fe Corp. & Units Affirmed; Outlook Developing Mar 00
Standard & Poors, March 2000
NEW YORK (Standard & Poor's CreditWire) March 20, 2000--Standard & Poor's today affirmed its ratings on Burlington Northern Santa Fe Corp. (Burlington) and units (see list below). The outlook is developing. The affirmations follow the March 17 announcement by the Surface Transportation Board (STB) that it has issued a decision directing large railroads (including Burlington and Canadian National Railway Co., whose proposed merger was announced in late 1999) not to pursue further merger activities until the STB has adopted new rules governing merger proceedings. The STB indicated that it would issue rules in 15 months. The decision was issued following four days of hearings triggered by the Burlington-Canadian National merger proposal. The STB noted that the railroad industry has consolidated...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,Atchison Topeka & Santa Fe Railway Co.,Burlington Northern Inc.,BNSF Railway Co.,Great Northern Railway Co.,Northern Pacific Railway Co.,Santa Fe Pacific Corp.
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.
Burlington Northern Santa Fe LLC,Atchison Topeka & Santa Fe Railway Co.,Burlington Northern Inc.,BNSF Railway Co.,Great Northern Railway Co.,Northern Pacific Railway Co.,Santa Fe Pacific Corp.