Log in to your IBTimes Account

close
ID
Password

S&P reviews Frontier Oil for possible upgrade



By AP
30 June 2008 @ 02:22 pm EST

NEW YORK - Standard & Poor's Ratings Services on Monday placed the ratings of oil refiner Frontier Oil Corp. on review for possible upgrade, citing the oil refiner's low debt and consistent operating performance.

Related Topic

Get stories by e-mail on this topic.

E-mail:

The ratings service placed Frontier Oil on CreditWatch with positive implications, meaning it has a one in two chance of being upgraded in the next three months.

S&P currently has a corporate credit rating of "BB-" for Frontier.

Frontier shares fell 77 cents to $70.47 in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register



advertisement
More Industries
UAW: health care trust needs automakers' cash
United Auto Workers President Ron Gettelfinger said Tuesday that the union isn't willing to accept more overtures by cash-strapped Detroit automakers to ...
MetLife says will offer 75M shares of common stock
Metlife Inc. said Tuesday it plans to sell 75 million shares of its common stock in a public offering. The insurer said the offering will boost its capit...
MetLife says 3Q trimmed by market downturn
MetLife Inc. said Tuesday its third-quarter results will be marked by a drop in investment income and fee revenue amid the downturn in world financial ma...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

www.DeoGraphics.com
advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives