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Burlington Northern Santa Fe Corp. $250 Million Notes Rated 'BBB+', Other Ratings Affirmed Nov 04
Standard & Poors, Nov 2004
Abstract
NEW YORK (Standard & Poor's) Nov. 23, 2004--Standard & Poor's Ratings Services said today that it assigned its 'BBB+' rating to Burlington Northern Santa Fe Corp.'s $250 million 4.875% notes due 2015. The company's 'BBB+' corporate credit rating is affirmed. The outlook is stable. The Fort Worth, Texas-based freight railroad has about $10 billion of lease-adjusted debt. 'We expect BNSF's credit measures to improve over the near to intermediate term as a result of positive fundamentals in most of the company's end markets and a continuing focus on yield improvement,' said Standard & Poor's credit analyst Lisa Jenkins. 'But the improvement is not expected to be sufficient to warrant an upgrade, especially given management's stated intention to continue using free...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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.
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