Moody's may cut Valero Logistics

Moody's Investors Service said it placed Valero Logistics Operations LP's ratings under review for possible downgrade.

The review was prompted by Moody's decision to review for possible downgrade the ratings of Valero Energy Corp., the general partner of Valero Logistics.

Ratings under review are Valero Logistics Operations LP's guaranteed senior notes rated Baa3 and its shelf registration for senior unsecured debt/subordinated debt rated prospective Baa3/Ba1.

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