S&P toll Norfolk Southern debt by ‘BBB+’
S&P issues 10 levels of investment-grade ratings and 10 levels non-investment-grade ratings; BBB+ is eighth with the investment-grade. The Norfolk, Va., railroad believed it wish management the proceeds from the offering intended for common corporate purposes.S&P whispered its rating on the remarks suggest its potent competitive stance for instance lone of the two big eastern U.S. shipment railroads and the favorable industry gamble characteristics.