|
|
 |
|
Viewing report
|
|
|
|
Burlington Northern Santa Fe LLC's $750 Million Senior Unsecured Debentures Are Rated 'BBB+' May 10
Standard & Poors, May 2010
Abstract
NEW YORK (Standard & Poor's) May 12, 2010--Standard & Poor's Ratings Services today assigned its 'BBB+' rating to Burlington Northern Santa Fe LLC's (BNSF) $750 million senior unsecured debentures due 2040. BNSF will use proceeds from the debt issue for general corporate purposes, including working capital, capital expenditures, and the repayment of indebtedness and commercial paper. The Fort Worth, Texas-based freight railroad has about $10.5 billion of debt reported as of March 31, 2010. The ratings on BNSF reflect the company's strong competitive position in the low-risk U.S. freight railroad industry, solid earnings, and cash flow generation. Price competition from other railroads and trucking companies and the capital intensity of the industry partially offset these strengths. Ratings also incorporate a...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC,Berkshire Hathaway Inc.
Action: New Rating
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.
|
|
|
|
