NY -- Standard & Poor's CreditWire 11/18/97 -- Standard & Poor's today revised its outlook on Union Pacific Corp. and subsidiaries to negative from stable (see list below). At the same time, Standard & Poor's affirmed its triple-'B' corporate credit and senior secured and unsecured debt ratings on Union Pacific Corp. and subsidiaries, its 'A-2' commercial paper rating on Union Pacific Corp., and its single-'A' rating on the equipment trust certificates of subsidiary railroads. The outlook revision reflects Union Pacific's announcement that, although progress continues to be made with the Service Recovery Plan, on-going congestion problems could lead to a substantial fourth quarter loss and that earnings for all of 1997 are expected to be less than 1996 pro forma
