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Burlington Northern Santa Fe Corp. Jan 01
Standard & Poors, Jan 2001
Abstract
Burlington Northern Santa Fe Corp.'s ratings reflect the company's strong competitive position in the relatively low-risk U.S. freight railroad industry, and solid earnings and cash flow generation, partially offset by a fairly aggressive financial policy. The company is the second-largest rail network in North America and has a strong position in upper-Midwest grain traffic; Wyoming-based low-sulfur coal transportation; and intermodal (trailer and container) movements, which are concentrated in the important Southern California-to-Chicago corridor. The profit margins in the coal and grain businesses are better than those of the growing, but relatively less profitable and more cyclical, intermodal business. In July 2000, Burlington Northern and Canadian National Railway Co. terminated their merger agreement following a decision by the U.S. Court of...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,BNSF Railway Co.
Action: Affirmed
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
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