On March 7, 2003, Standard&Poor's Ratings Services assigned its 'BBB+' rating to diversified energy company Dominion Resources Inc.'s $300 million 2003 series D senior unsecured notes due march 15, 2013. At the same time, Standard&Poor's assigned its 'BBB+' rating to Dominion's $300 million 2003 series E senior unsecured notes due March 15, 2033. The outlook is stable. Dominion expects to use $600 million of the net proceeds from the sale of these securities for general corporate purposes including the repayment of debt. Richmond, Va.-based Dominion and its subsidiaries have about $13.2 billion of debt outstanding. Dominion is a diversified energy company with about 45% of its business from regulated electric utility operations at its subsidiary Virginia
