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Published on 11/10/2021 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P assigns Phillips 66 notes BBB+

S&P said it assigned its BBB+ issue-level rating to Phillips 66's planned senior unsecured notes.

The rating is the same as S&P’s on Phillips 66’s other senior unsecured notes.

The company will use the proceeds to repay a portion of its 4.3% senior notes due April 2022.


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