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BULLETIN: Unocal Moves to Strengthen Lower 48 States U.S. Division Jun 03
Standard & Poors, June 2003
Abstract
NEW YORK (Standard & Poor's) June 6, 2003--Standard & Poor's Ratings Services said today that Unocal Corp.'s (BBB+/Stable/A-2) proposed initiatives to improve its Lower 48 U.S. division would not have an immediate affect its ratings or outlook. Standard & Poor's has been anticipating that Unocal would exploit the current pricing upcycle by applying free cash flow to debt reduction. Furthermore, an improvement in the management of its Lower 48 division has been expected since Unocal acquired the outstanding minority interests in Pure Resources....
Companies mentioned in this report are: Unocal Corp.
Action: S&P Event
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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