Electric Paso Corp (EP)

Electric Paso Corp (EP)

Postby kennynah » Fri May 23, 2008 1:27 pm

23 May 2008 04:55 GMT


El Paso $500 mln senior notes rated 'BB+' - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings assigned a rating of 'BB+' to El Paso Corp.'s proposed issue of $500 million in unsecured senior notes, proceeds of which will be used for general corporate purposes, including the repayment of debt maturing during the remainder of 2008.

El Paso's outlook remains stable.

The agency said El Paso's ratings reflect the consistency in the company's credit profile given improvements at the upstream business and the cash flow stability and risk profile benefits derived from its pipeline portfolio.
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