Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-' - S&P Global Ratings’ Credit Research

Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-'

Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-' - S&P Global Ratings’ Credit Research
Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-'
Published Oct 30, 2017
3 pages (1148 words) — Published Oct 30, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 30, 2017--S&P Global Ratings today assigned its 'A-' issue-level rating to U.S.-based waste services company Waste Management Inc.'s proposed $750 million senior unsecured notes due 2027. Waste Management intends to use the net proceeds from this offering to repay its 6.1% $600 million ($590 million outstanding) bonds maturing in March 2018 and will use the remaining balance to repay its commercial paper borrowings. All of our other ratings on Waste Management are unchanged. For our complete corporate credit rating rationale, please see our most recent research update on Waste Management, published Feb. 1, 2017, on RatingsDirect. RELATED CRITERIA General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 General Criteria: Guarantee

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Ticker
WMI
Issuer
Waste Management Inc.
GICS
Environmental & Facilities Services (20201050)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-'" Oct 30, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Waste-Management-Inc-s-Proposed-750-Million-Senior-Unsecured-Notes-Due-2027-Rated-A-1939451>
  
APA:
S&P Global Ratings’ Credit Research. (). Waste Management Inc.'s Proposed $750 Million Senior Unsecured Notes Due 2027 Rated 'A-' Oct 30, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Waste-Management-Inc-s-Proposed-750-Million-Senior-Unsecured-Notes-Due-2027-Rated-A-1939451>
  
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