New York, January 16, 2013 -- Moody's Investors Service assigned a Ba1 rating to Tesoro Corporation's (TSO) proposed $500 million term loan credit facility. At the same time, Moody's affirmed TSO's Ba1 Corporate Family Rating, placed on review for downgrade TSO's Ba1 rated senior unsecured notes and its Baa2 rated secured revolving bank credit facility. Moody's upgraded TSO's Speculative Grade Liquidity (SGL) rating to SGL-2 from SGL-3.
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