(Source: Fitch Inc) 23 Jul 2015 4:18 PM GMT/UTC Fitch Affirms Valero's Ratings at 'BBB'; Outlook Stable Fitch Ratings-Chicago-23 July 2015: Fitch Ratings has affirmed Valero Energy Corporation's (Valero; NYSE: VLO) ratings as follows: --Issuer Default Rating (IDR) at 'BBB'; --Unsecured credit facility at 'BBB'; --Senior unsecured debt including Industrial Revenue Bonds (IRBs) at 'BBB'. A total of $7.42 billion in debt is affected by this rating action. The Rating Outlook is Stable. Valero's ratings reflect the company's size, scale and diversification, advantaged cost position that reflects growing access to discounted North American crudes and cheap shale gas, low mandatory capex...
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