| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for CrownRock, LP > News item |
S&P places CrownRock on positive watch
S&P said it placed all its ratings on CrownRock LP, including the BB- issuer rating, on CreditWatch with positive implications. Before the positive watch, CrownRock’s outlook was stable.
The placement follows Occidental Petroleum Corp. (OXY) announcing it agreed to buy CrownRock in a cash and stock transaction valued at $12 billion, the agency said.
“The CreditWatch placement reflects that we will likely upgrade the company following the close of its acquisition by higher-rated Occidental Petroleum (BB+/stable/B),” S&P said in a statement.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.