Moody’s: Waste Management view to positive

Moody's Investors Service said it affirmed the senior unsecured rating of Waste Management, Inc. and the senior unsecured rating of Waste Management Holdings, Inc. (a wholly owned subsidiary) at Baa2 and revised both outlooks to positive from stable.

Moody’s said the positive outlook reflects its expectation that Waste Management should continue its strong performance as margins and cash flow generation are benefitting from effective pricing initiatives and improving cost controls.

Additionally, most key industry drivers remain favorable, including construction activity (residential and non-residential) that is fueling steady growth in the all-important waste volumes, the agency added.

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