Sunoco L.P. And Sunoco Finance Corp.'s Proposed Notes Rated 'BB' (Recovery Rating: '4')

NEW YORK (Standard&Poor's) July 15, 2015--Standard&Poor's Ratings Services said today it assigned its 'BB' issue-level rating and '4' recovery rating to Sunoco L.P. and Sunoco Finance Corp.'s proposed $500 million senior unsecured notes due 2020. The '4' recovery rating reflects our expectation of average (30% to 50%; in the lower half of the range) recovery if a default occurs. The partnership intends to use net note proceeds to fund the pending Susser Holdings Corp. acquisition. As of March 31, 2015, Sunoco had about $870 million of reported debt on a stand-alone basis. Sunoco is a publicly traded U.S. master limited partnership focused in the wholesale and retail gasoline business. RELATED CRITERIA AND RESEARCH Related Criteria Criteria

...NEW YORK (Standard & Poor's) July 15, 2015--Standard & Poor's Ratings Services said today it assigned its '##' issue-level rating and '4' recovery rating to Sunoco L.P. and Sunoco Finance Corp.'s proposed $500 million senior unsecured notes due 2020. The '4' recovery rating reflects our expectation of average (30% to 50%; in the lower half of the range) recovery if a default occurs. The partnership intends to use net note proceeds to fund the pending Susser Holdings Corp. acquisition. As of March 31, 2015, Sunoco had about $870 million of reported debt on a stand-alone basis. Sunoco is a publicly traded U.S. master limited partnership focused in the wholesale and retail gasoline business. RELATED CRITERIA AND RESEARCH Related Criteria + Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 + Methodology: Master Limited Partnerships And General Partnerships, Sept. 22, 2014 + Key Credit Factors For The Midstream Energy...

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