- Language: English
- 73 Pages
- Published: June 2010
- Region: Malaysia
Research Update: Conrail Inc. Ratings Affirmed At 'BBB-'; Outlook Revised To Positive Apr 10
- Published: April 2010
- Standard & Poors
We are affirming our ratings on Philadelphia-based Conrail Inc., including the 'BBB-' long-term corporate credit rating. We are revising the outlook to positive from stable. On April 20, 2010, Standard & Poor's Ratings Services affirmed its 'BBB-' corporate credit rating on U.S.-based Conrail Inc. and unit Consolidated Rail Corp. and revised the outlook to positive from stable. The rating actions follow a similar outlook revision on CSX Corp. on April 19, 2010, following an improving operating environment and earnings growth. (Please see the research update on CSX published April 19, 2010.) Freight railroads Norfolk Southern Corp. (BBB+/Stable/A-2) and CSX Corp. (BBB-/Positive/--) jointly own Conrail Inc., and own 58% and 42%, respectively, of the company. The corporate credit rating for Conrail...
Companies mentioned in this report are: Conrail Inc.,CSX Corp.,Norfolk Southern Corp.,Consolidated Rail Corp.
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Conrail Inc.,CSX Corp.,Norfolk Southern Corp.,Consolidated Rail Corp.
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