Article: DCR Assigns Initial Ratings to Allied Waste Industries

CHICAGO, Sept. 3 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has assigned an initial rating of 'BB' (Double-B) to the secured $900 million senior credit facility of Allied Waste North America, Inc. A rating of 'B+' (Single-B-Plus) has been assigned to the $525 million 10.25 percent senior subordinated notes of Allied Waste North America, Inc. and a rating of 'B' (Single-B) has been applied to the $418 million (face value) 11.30 percent senior discount notes of Allied Waste Industries, Inc. Allied Waste Industries is the holding company for its 100 percent ownership of Allied Waste North America, which is in turn a holding company for nearly all of the ...

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