Standard & Poor's Ratings Services has raised its corporate credit rating on Waste Connections Inc. (NYSE: WCN) to 'BB+' from 'BB', reflecting an improved financial profile because of increasing cash flow and managed growth, with a stable outlook. Standard & Poor's also assigned a BB+ rating to Waste Connections' proposed $500 million senior secured credit facilities. The company will use the proceeds to refinance its existing credit; total debt outstanding was about $562 million as of June 30, 2003.
More information: Waste Connections Inc.: www.wcnx.org, Standard & Poor's: www.standardandpoors.com.