Moody's Ratings affirms Marathon Petroleum's Baa2 senior unsecured rating; stable outlook
Moody's Ratings (Moody's) affirmed Marathon Petroleum Corporation's (MPC) Baa2 senior unsecured ratings and P-2 commercial paper rating. The rating outlook is stable. "Marathon Petroleum's Baa2 rating and stable outlook reflects the benefits of its large scale, elevated cash balance and low net le...Marathon Petroleum is an independent petroleum refining and marketing, retail and midstream company. The company's segments include: Refining and Marketing, which refines crude oil and other feedstocks at its refineries, purchases refined products and ethanol for resale and distributes refined products; Retail, which sells transportation fuels and convenience products in the retail market across the U.S.; and Midstream, which transports, stores, distributes and markets crude oil and refined products via refining logistics assets, pipelines, terminals, towboats and barges, gathers, processes and transports natural gas, and gathers, transports, fractionates, stores and markets natural gas liquids.
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