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Prospect News home > News index > List of issuers O > Headlines for Oneok Partners LP > News item
Published on 1/24/2011 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P rates Oneok notes BBB

Standard & Poor's said it assigned a BBB rating to Oneok Partners LP's $650 million of 3.25% senior unsecured notes due 2016 and $650 million of 6.125% senior unsecured notes due 2041.

The partnership intends to use the net proceeds to repay amounts outstanding on its commercial paper program, repay senior unsecured notes due March 2011 and for general partnership purposes.

The company has corporate credit ratings of BBB and A-2, S&P added, with a stable outlook.


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