On Dec. 10, 2002, Standard&Poor's Ratings Services assigned its 'BBB+' rating to diversified energy company Dominion Resources Inc.'s $300 million 2002 series D senior unsecured notes due Dec. 15, 2009. At the same time, Standard&Poor's also assigned its 'BBB+' rating to Dominion's $300 million 2002 series E senior unsecured notes due Dec. 15, 2032. The outlook is stable. Dominion expects to use $500 million of the net proceeds from the sale of these securities to repay a portion of its $1 billion series A senior notes due Jan. 31, 2003. Pending such maturity, $500 million of the net proceeds will be held in escrow and may only be released to repay the 2001 series A 6%
