S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt - S&P Global Ratings’ Credit Research

S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt

S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt - S&P Global Ratings’ Credit Research
S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt
Published Aug 02, 1996
Published Aug 02, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 8/2/96 -- Standard&Poor's today has placed its double-`A'-minus rating of Rockwell International Corp.'s six issues of senior notes (see list below) on CreditWatch with positive implications. Rockwell's double-`A'-minus corporate credit rating and `A-1'-plus commercial paper rating have been affirmed, as well as the double-`A'-minus senior unsecured debt rating of unit Reliance Electric Co., but the outlooks have been revised to negative from stable. Boeing Co.'s double-`A' corporate credit rating has been affirmed; the outlook remains stable. Boeing and Rockwell have announced a definitive agreement for Boeing to acquire Rockwell's aerospace and defense businesses for about $3.2 billion. Boeing will issue $860 million of common stock, and about $2.2 billion of Rockwell liabilities,

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Aerospace & Defense (20101010)
Sector
Aerospace & Defense , Asset-Backed Securities , Capital Goods , Corporations , Global Issuers , Structured Finance
Country
Region
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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. "S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt" Aug 02, 1996. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Takes-Var-Rtg-Actions-Post-Boeing-Rockwell-Anncmt-77937>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Takes Var Rtg Actions Post Boeing,Rockwell Anncmt Aug 02, 1996. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Takes-Var-Rtg-Actions-Post-Boeing-Rockwell-Anncmt-77937>
  
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