Chevron's 'Aa2' long-term debt ratings under review for upgrade - Moody's |
|
|
|
Published
:
Wed, 28 Nov 2007 06:18
|
MUMBAI (Thomson Financial) - Moody's Investors Service said it has placed the 'Aa2' senior unsecured long-term debt ratings on Chevron Corp and its guaranteed unit under review for possible upgrade.Moody's said the review was prompted by continued improvements in its financial profile as measured by strong cash flow coverage metrics, declining financial leverage, robust capital returns and a conservative approach to shareholder rewards.The ratings agency said ratings under review include the various guaranteed debt securities and '(P)Aa2' rated shelf registrations for Chevron Corp, Chevron USA Inc, Chevron Funding Corp, Chevron Canada Funding Co, Texaco Capital Inc and Union Oil Company of California.Moody's said it has also affirmed the 'Prime-1' commercial paper ratings of Chevron, Chevron Canada Capital and Chevron Funding.TFN.newsdesk@thomson.comndi/ranCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
Print this Story
Moody's places Chevron's 'Aa2' long-term debt ratings under review for upgrade 