Tue Dec 4, 2012 11:36am EST
Dec 4 - Fitch Ratings has assigned an 'A' to ConocoPhillip's (COP)
proposed issuance of senior unsecured notes. Net proceeds from the issuance will
be used for general corporate purposes, including the repayment of commercial
paper (CP) borrowings, which stood at approximately $1.54 billion at Sept. 30,
2012.
The notes, which will be issued by ConocoPhillips Company, are guaranteed by
parent ConocoPhillips, and will rank pari passu with ConocoPhillips' other
senior unsecured obligations.