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Prospect News home > News index > List of issuers D > Headlines for Devon Energy Corp. > News item |
Fitch changes Devon Energy to negative
Fitch Ratings said it affirmed Devon Energy Corp.'s long-term issuer default rating at BBB+ and revised the outlook to negative from stable.
The negative outlook reflects the downward revision of Fitch's oil & gas price assumptions on Feb. 24 and its impact on Devon's forecasted credit metrics, asset sale and gross debt reduction execution risk, and operational momentum loss concerns.
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