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S&P puts Anadarko on positive watch
S&P said it placed all of the ratings on Anadarko Petroleum Corp., including its BBB issuer credit rating, on CreditWatch with positive implications.
Chevron has announced the acquisition of Anadarko for $33 billion in cash and stock, $50 billion including the assumption of debt, the agency said.
The watch reflects the likelihood of an upgrade following close of the acquisition, which is expected by the end of the year.
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