|
|
 |
|
Viewing report
|
|
|
|
Burlington Northern Santa Fe's $300 Million Notes Rated 'BBB+' Jun 02
Standard & Poors, June 2002
Abstract
NEW YORK (Standard & Poor's) June 20, 2002-- Standard & Poor's said today it assigned its triple-'B'-plus rating to Burlington Northern Santa Fe Corp.'s $300 million senior unsecured notes due 2012. The rail company's triple-'B'-plus corporate credit rating is affirmed. The outlook is negative. Burlington Northern is a Class 1 railroad with about $10 billion of debt (including off-balance sheet obligations.) 'Ratings reflect the company's strong competitive position in the low-risk U.S. freight railroad industry, offset by a somewhat aggressive financial policy,' said Standard & Poor's credit analyst Lisa Jenkins. Fort Worth, Texas-based Burlington Northern operates the second-largest rail network in North America. The company enjoys strong positions in upper-Midwest grain traffic, Wyoming-based low-sulfur coal transportation, and intermodal (trailer and...
Companies mentioned in this report are: Burlington Northern Santa Fe LLC
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.
|
|
|
|
