• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Unocal Corp. Oct 02 Product Image

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.
Action: Review

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 READ MORE >

Unocal Corp.

Note: Product cover images may vary from those shown