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S&P applies BBB to Valero Energy notes
Standard & Poor's said it assigned its BBB issue rating to Valero Energy Corp.'s proposed senior unsecured notes due 2025 and 2045.
The company intends to use net proceeds for general corporate purposes.
As of Dec. 31, Valero had $6.4 billion in reported debt.
The corporate credit rating on Valero is BBB and the outlook is stable.
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