Fitch might lift Anadarko

Fitch Ratings said it placed the ratings of Anadarko Petroleum Corp., including its BBB issuer default ratings and senior unsecured debt ratings, on rating watch positive following the announcement of Chevron Corp.'s proposed acquisition of Anadarko.

Chevron intends to fund the roughly $50 billion acquisition with a combination of cash and stock plus the assumption of debt.

“The transaction will strengthen the credit profile by significantly increasing size, scale, and diversification of the combined company, while maintaining a strong leverage profile,” the agency said in a news release.

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