Allied's Financial Position Improving

Lynn Schenkman

New York – Fitch Ratings, an international capital ratings and research firm, has revised the rating outlook for Allied Waste, Scottsdale, Ariz., from "negative" to "stable." Allied’s improved holding is the result of debt reduction that has provided a buffer between the company and what many analysts are calling a weak operating environment. Fitch reports that cash available for debt reduction is $400 million and that Allied’s debt fell to $8.882 billion from $9.260 billion in 2001.