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Moody's shifts Marathon Oil view to stable
Moody's Investors Service said it changed Marathon Oil Corp.’s outlook to stable from negative and affirmed its Baa3 senior unsecured rating.
"The change to a stable outlook was driven by Marathon Oil's ability to generate meaningful free cash flow and its willingness to reduce debt balances while continuing to maintain good liquidity," commented Amol Joshi, a Moody's vice president and senior credit officer, in a press release. "Higher commodity prices and cost efficiencies should improve its credit metrics in 2021."
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