S&P gives EOG notes A-

Standard & Poor's said it assigned an A- rating to EOG Resources Inc.'s proposed $1.5 billion senior unsecured note offering.

The A- corporate credit rating and negative outlook remain unchanged.

As of Sept. 30, the company had about $4.3 billion of adjusted debt, the agency noted.

The proceeds will be used to help fund its capital spending program in 2011 and 2012, the agency said.

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