| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Waste Connections Inc. > News item |
S&P cuts Waste Connections
Standard & Poor's said it lowered its corporate credit rating on Waste Connections Inc. by one notch to BBB- from BBB. The outlook is stable.
The agency also removed the rating from CreditWatch, where it was placed with negative implications on Sept. 17, following the company's announcement of its plans to acquire R360 Environmental Solutions Inc. for $1.3 billion.
"The one-notch downgrade reflects our view that the additional debt incurrence needed to finance the $1.3 billion acquisition will hurt Waste Connections' financial risk profile to some extent, though we still view it as an intermediate risk," said S&P credit analyst James T. Siahaan in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.