- Language: English
- Published: November 2011
Research Update: Motiva Enterprises LLC Outlook Revised To Stable From Negative; Ratings Affirmed
- Published: May 2011
- Standard & Poors
We expect U.S. oil refiner Motiva Enterprises LLC to benefit from relatively favorable market conditions over the next two years. Port Arthur will also contribute significantly to cash flow when it becomes fully operational in 2012. We are affirming the 'A' corporate credit and senior unsecured ratings on Motiva. We are revising the rating outlook to stable from negative. On May 16, 2011, Standard & Poor's Ratings Services revised its outlook on Motiva Enterprises LLC. to stable from negative. At the same time, we affirmed our 'A' corporate credit rating on Motiva, and affirmed the 'A' senior unsecured rating. Motiva's financial performance is benefitting from favorable refining margins as well as from widening price differentials between heavy and light crude...
Companies mentioned in this report are: Motiva Enterprises LLC,Royal Dutch Shell PLC
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Motiva Enterprises LLC,Royal Dutch Shell PLC