Waste Management Receives Good Prognosis for Financial Future

New York - Standard and Poor's has assigned its BBB rating to Houston-based Waste Management Inc.'s (WMI) proposal for $400 million in senior unsecured notes due 2012. Proceeds from the notes will pay off the company's $350 million notes due Dec. 15, 2002. WMI has about $8.5 billion in outstanding debt. Complete ratings listing are available atwww.ratingsdirect.com.