DBRS Releases Report on BellSouth Corporation
Dominion Bond Rating Service (“DBRS”) has today released a report on BellSouth Corporation (“BellSouth”). This report supports the recent confirmation of BellSouth ratings at “A” and R-1 (low) on March 6, 2006, following AT&T Inc.’s announced intention to acquire BellSouth in an all-equity transaction totalling US$67 billion.
DBRS confirmed both BellSouth’s and AT&T Inc.’s ratings at “A” given the all-equity nature of the transaction and the fact that both BellSouth and AT&T Inc. have similar business and financial risk profiles.
The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.