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 lifts Waste Connections view to positive
Standard & Poor's said it revised its outlook on Waste Connections Inc. to positive from stable. At the same time, S&P affirmed its existing ratings, including the BB- subordinated debt and BB+ corporate credit ratings, on the company.
The outlook revision incorporates the trend of improving credit measures over the past year. The redemption of the company's $150 million convertible subordinated notes in April 2004 accelerated improvement in the capital structure, S&P said.
The ratings on Waste Connections are based on its satisfactory business position as a major regional solid waste management company, efficient operations and generally favorable industry characteristics, the agency noted.
These factors are partially offset by its aggressive debt leverage and risks associated with an active growth strategy, S&P noted.
© 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.