Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Altria Group Inc.

Research Update: Altria Group Credit Rating Lowered To 'BBB'; 'BBB' Senior Debt Rating Affirmed; Outlook Stable

Published Jan 06, 2009

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About This Report

Abstract:

On Jan. 6, 2009, Standard&Poor's Ratings Services 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+'. At the same time, Standard&Poor's 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 on Sept. 8, 2008, with negative

Report Type:

Research Update

Ticker

Issuer

Altria Group Inc.

GICS

Tobacco (30203010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Altria Group Inc. – 2009/01/14 – US$ 500.00

Summary: Altria Group Inc. – 2009/01/14 – US$ 225.00

Bulletin: Altria Group Ratings Are Unaffected Re: Suspended Share Repurchase Program – 2009/01/30 – Free

Bulletin: Altria Group And Reynolds American Ratings Not Immediately Affected By Tobacco Tax Hike – 2009/02/06 – Free

Altria Group Inc. – 2009/08/20 – US$ 500.00

Credit Rating On Altria Group Lowered To 'BBB'; 'BBB' Sr Debt Rating Affirmed; Outlook Stable – 2009/01/06 – US$ 150.00

Altria Group Senior Unsecured Shelf Registration Assigned 'BBB' – 2008/11/04 – US$ 150.00

Altria Group 'BBB+' Rating Placed On Watch Neg After Acquisition News – 2008/09/08 – US$ 150.00

Research Update: Rating On Altria Group, Sub Placed On Watch Negative After Acquisition News – 2008/09/08 – US$ 225.00

Altria Group Inc. – 2008/06/12 – US$ 500.00

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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. "Research Update: Altria Group Credit Rating Lowered To 'BBB'; 'BBB' Senior Debt Rating Affirmed; Outlook Stable" Jan 06, 2009. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Altria-Group-Credit-Rating-Lowered-To-BBB-BBB-Senior-Debt-Rating-Affirmed-Outlook-Stable-694730>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Altria Group Credit Rating Lowered To 'BBB'; 'BBB' Senior 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/Research-Update-Altria-Group-Credit-Rating-Lowered-To-BBB-BBB-Senior-Debt-Rating-Affirmed-Outlook-Stable-694730>

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