| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GS Caltex Corp. > News item |
S&P gives GS Caltex notes BBB+
S&P said it assigned its BBB+ long-term issue rating to the dollar-denominated senior notes that GS Caltex Corp. (BBB+/stable /A-2) proposes to issue.
The notes are due to mature in 2023.
The company plans to use the proceeds for general corporate purposes, including repayment of outstanding borrowings.
“We rate the notes the same as the issuer credit rating on GS Caltex because the issuer has sufficiently low leverage, limiting the risk of subordination for lenders of unsecured debt,” S&P said in a news release.
© 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.