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Article: DCR Assigns Ratings to Allied Waste and Browning-Ferris Industries Debt.

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PR Newswire
Article date:
July 26, 1999
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CHICAGO, July 26 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has assigned a rating of 'BB' (Double-B) to the $7.0 billion senior secured revolving credit agreement arranged by Allied Waste North America, Inc. (Allied Waste) to assist in the financing of Allied Waste's pending acquisition of Browning-Ferris Industries (BFI). DCR has also assigned an initial rating of 'B' (Single-B) to Allied Waste's pending issuance of $2.0 billion of senior subordinated notes and $500 million of senior subordinated increasing-rate notes. Senior unsecured debt of Allied Waste and BFI outstanding prior to the merger (which will become secured upon the completion of the ...

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