Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable

Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable
Published Jan 06, 2009
Published Jan 06, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (Standard&Poor's) Jan. 6, 2009--Standard&Poor's Ratings Services said today that it lowered its corporate credit rating on Richmond, Va.-based Altria Group Inc., as well as the corporate credit and senior unsecured debt ratings on Philip Morris Capital Corp. (a wholly owned subsidiary of Altria), to 'BBB' from 'BBB+'. Standard&Poor's also said that it affirmed its 'A-2' commercial paper (CP) and 'BBB' senior unsecured debt ratings on Altria. In addition, we lowered the corporate credit rating and senior unsecured debt ratings on UST Inc. to 'BBB' (the same as Altria) from 'A' and withdrew UST's commercial paper and preliminary shelf ratings. Standard&Poor's also removed all these ratings from CreditWatch, where they were placed

  
Report Type:

Ratings Action

Ticker
MO
Issuer
Altria Group Inc.
GICS
Tobacco (30203010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable" Jan 06, 2009. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-Rating-On-Altria-Group-Lowered-To-BBB-BBB-Sr-Debt-Rating-Affirmed-Outlook-Stable-694729>
  
APA:
S&P Global Ratings’ Credit Research. (). Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable Jan 06, 2009. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-Rating-On-Altria-Group-Lowered-To-BBB-BBB-Sr-Debt-Rating-Affirmed-Outlook-Stable-694729>
  
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