Fitch revises Waste Management view to stable

Fitch Ratings said it affirmed Waste Management, Inc.'s (WM) and Waste Management of Canada Corp.'s long-term issuer default rating and senior unsecured rating at BBB+.

In addition, Fitch upgraded Waste Management’s short-term IDR and CP rating to F1 from F2. The outlook has been revised to stable from negative.

“Fitch has revised the outlook to stable from negative reflecting stronger than expected performance through the pandemic, and increased confidence that leverage will be maintained within the rating thresholds,” Fitch said in a news release.

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