Toronto, January 18, 2016 -- Moody's Investors Service said that Canadian Oil Sands Limited (COS) agreement with Suncor Energy (A3, under review down) will have no immediate impact on COS' Bas3 senior unsecured rating or review for downgrade. COS announced today that they have reached an agreement to support the offer by Suncor to purchase all of the shares of COS, which requires COS shareholder approval.

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