Amadeusz Juskowiak

Usx x debt dowgraded by moodys

Moodys Investors Service Inc said it lowered the debt and preferred stock ratings of USX Corp and its units About seven billion dlrs of securities is affected

Moodys said Marathon Oil Cos recent establishment of up to one billion dlrs in production payment facilities on its prolific Yates Field has significant negative implications for USXs unsecured creditors

The company appears to have positioned its steel segment for a return to profit by late 1987 Moodys added

Ratings lowered include those on USXs senior debt to BA1 from BAA3