- Language: English
- Published: October 2012
- Region: Croatia
Research Update: Unocal Corp. Oct 02
- Published: October 2002
- Standard & Poors
On Oct. 1, 2002, Standard & Poor's Ratings Services assigned its 'BBB+' senior unsecured rating to El Segundo, Calif.-based, Union Oil Co. of California's $400 million 5.05% senior notes due 2012, guaranteed by independent oil company Unocal Corp. (BBB+/Stable/A-2) At the same time, Standard & Poor's affirmed all ratings on Union Oil and its parent Unocal. The outlook on Unocal remains stable. Net proceeds from the offering will be used to repay outstanding commercial paper borrowings. As a result of the eventual repurchase of substantially all of its outstanding commercial paper during the fourth quarter, Unocal will have improved its liquidity by extending its debt maturities. In addition to operating cash flow, Unocal's sources of liquidity include full availability on...
Companies mentioned in this report are: Unocal Corp.
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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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