NEW YORK (Standard&Poor's) Feb. 29, 2016--Standard&Poor's Ratings Services said today that it assigned its 'AAA' rating to Exxon Mobil Corp.'s planned senior unsecured note offering, which the company will issue in several tranches. The company expects to use proceeds from the transaction for general corporate purposes, including to refinance commercial paper. As of Dec. 31, 2015, Exxon had about $39 billion of funded debt outstanding, including $18 billion of commercial paper. We don't expect the amount of total debt to change pro forma for the announced notes offering. The 'AAA' long-term and 'A-1+' short-term corporate credit ratings are unchanged. The long-term ratings remain on CreditWatch where we placed them with negative implications, Feb. 2, 2016. We
