Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable - S&P Global Ratings’ Credit Research

Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable

Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable - S&P Global Ratings’ Credit Research
Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable
Published Nov 18, 2010
2288 words — Published Nov 18, 2010
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

For the third quarter ended Sept. 30, 2010, Union Pacific Corp.'s volumes (as measured by weekly car loadings) rose 14% over 2009. Increased demand for intermodal, industrial, and automotive traffic drove volume improvement. Union Pacific's credit measures have improved, resulting in funds from operations (FFO) to total debt and total debt to capital at 36% and 45%, respectively, for the 12 months ended Sept. 30, 2010. We are raising our ratings, including the corporate credit rating, on Union Pacific to 'BBB+' from 'BBB'. The outlook is stable. Given stable pricing trends, strong cost controls, and improved operating efficiency, we expect the company's revenues and operating income to continue to improve over the next several quarters. On Nov. 18, 2010, Standard

  
Brief Excerpt:

RESEARCH Research Update: Union Pacific Corp. Rating Raised To '###+' From '###' On Improving Credit Measures, Outlook Revised To Stable Publication date: 18-Nov-2010 Primary Credit Analyst: Anita Ogbara, New York (1) 212-438-5077;...

  
Report Type:

Research Update

Ticker
UNP
Issuer
Union Pacific Corp.
GICS
Railroads (20304010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable" Nov 18, 2010. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Union-Pacific-Corp-Rating-Raised-To-BBB-From-BBB-On-Improving-Credit-Measures-Outlook-Revised-To-Stable-832481>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Union Pacific Corp. Rating Raised To 'BBB+' From 'BBB' On Improving Credit Measures, Outlook Revised To Stable Nov 18, 2010. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Union-Pacific-Corp-Rating-Raised-To-BBB-From-BBB-On-Improving-Credit-Measures-Outlook-Revised-To-Stable-832481>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.