09.09.2015 21:48:00

Phillips 66 -- Moody's views Phillips 66's support for DCP Midstream as credit negative

Toronto, September 09, 2015 -- Moody's Investors Service views Phillips 66's (A3 stable) $1.5 billion cash injection into 50%-owned DCP Midstream, LLC (Ba2 stable) as credit negative because it is using its cash to stabilize a weaker company.

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