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S&P Places Suncor Energy (SU) on CreditWatch Negative
October 5, 2015 4:57 PM EDTStandard & Poor's Ratings Services said it placed its ratings, including its 'A-' long-term corporate credit rating, on Calgary, Alta.-based integrated oil and gas production company Suncor Energy Inc. (NYSE: SU) on CreditWatch with negative implications, indicating we could lower the ratings upon completion of our review. Our short-term and commercial paper ratings on the company are unchanged.
The CreditWatch placement follows Suncor's announcement that it has made an unsolicited offer for Canadian Oil Sands Ltd. (COSL) for C$4.3 billion in stock, and the assumption of C$2.3 billion in net... More
