Rating Action:
Moody's assigns Baa1 to Waste Management of Canada's senior unsecured notes; stable outlook
19 Sep 2019
New York, September 19, 2019 -- Moody's Investors Service (Moody's) assigned a Baa1 senior unsecured rating to Waste Management of Canada Corporation's (Waste Management of Canada) C$500 million of senior unsecured notes. These notes are fully and unconditionally guaranteed on a senior unsecured basis by ultimate parent company Waste Management, Inc. and intermediate parent company Waste Management Holdings, Inc. as to the payment of principal and interest. As a result, these notes have been assigned the same Baa1 rating as debt issued by Waste Management, Inc. under its senior notes program. The rating outlook is stable.