(Reuters circulated the following story on May 28.)
NEW YORK — Standard & Poor’s on Thursday said the outlook for Burlington Northern Santa Fe Corp.’s (nyse: BNI – news – people) debt ratings has improved to “stable” from “negative,” citing improving market conditions.
Burlington Northern late last month posted higher earnings, citing bountiful grain harvests and the expanding U.S. economy.
S&P affirmed Burlington Northern’s ratings, including its “BBB-plus” corporate credit rating, the third lowest investment-grade rating.