December 04, 2012 at 11:36 AM EST
TEXT-Fitch rates ConocoPhillip unsecured notes issuance 'A'
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. A ful
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