| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Western Oil Sands Inc. > News item |
S&P: Western Oil Sands on positive watch
Standard & Poor's said it placed its BB+ long-term corporate credit rating and its BBB senior secured debt rating on Western Oil Sands Inc. on CreditWatch with positive implications.
The move follows the announcement that Marathon Oil Corp. (BBB+/stable/A-2) will acquire all of Western's common shares outstanding for C$6.6 billion, including C$736.1 million of indebtedness, the agency said.
According to the agency, the action reflects the possibility that we could equalize our ratings on Western with those on Marathon upon completion of the transaction.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.