NY -- Standard&Poor's CreditWire 3/25/98 -- Standard&Poor's today assigned its triple-'B'-minus rating to Union Pacific Capital Trust's (a unit of Union Pacific Corp.) proposed $1.0 billion Term Income Deferrable Equity Securities (TIDES) and placed the issue on CreditWatch with negative implications. The corporate credit, senior secured, and senior unsecured debt, and equipment trust certificates ratings on Union Pacific and its subsidiary railroads remain on CreditWatch with negative implications, where they were placed Feb. 26, 1998 (see list below). In addition, Standard&Poor's affirmed its 'A-3' commercial paper and short-term corporate credit ratings on Union Pacific Corp. The ratings are not on CreditWatch. The proposed TIDES issue is an equity type security to which Standard&
