Fitch: Halliburton unaffected

Fitch Ratings said that the ratings of Halliburton Co. should not be affected by the company's announcement that its board has approved a share repurchase program of up to $1 billion and a 20% increase in the company's quarterly dividend.

Fitch said it currently rates the company as follows: issuer default rating at BBB, senior unsecured debt at BBB, $1.2 billion senior unsecured revolving credit facility at BBB and commercial paper program at F2.

The outlook is positive.

Halliburton's current ratings reflect its leading position in the energy services sector, the company's geographic and operational diversification and expectations for the company to continue to show improvements in its credit profile, the agency added.

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