Fairly predictable demand due to the essential nature of its services Strong market position as the largest solid waste services company in North America, with a broad array of service capabilities Good geographic and customer diversity Low organic growth rates High debt levels Exposed to cyclical demand in some segments, such as roll-off hauls and commodities recycling Solid and consistent free cash flow, though the majority is allocated toward acquisitions, dividends, and share repurchases Sizable asset retirement and environmental obligations Standard&Poor's Ratings Services' stable outlook on Waste Management Inc. reflects our expectation that the company's strong position in the solid waste services market will enable it to maintain its operating performance and financial ratios over the next two
