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Prospect News home > News index > List of issuers V > Headlines for Valero Energy Corp. > News item |
S&P rates Valero notes BBB
S&P said it assigned a BBB rating to Valero Energy Corp.'s proposed senior unsecured notes due 2029.
The proceeds will be used for general corporate purposes, including to fund the redemption of its $850 million 6.125% notes due 2020.
As of Dec. 31, 2018, Valero had about $9 billion of reported debt.
Valero is one of the largest global independent refining companies, S&P said.
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