S&P lifts Anadarko view to positive

Standard & Poor's said it revised its outlook on Anadarko Petroleum Corp. to positive from stable and affirmed its ratings, including the BBB- corporate credit rating.

The agency said the outlook revision primarily reflects the company's improving financial leverage and credit metrics, in addition to satisfactory operating results for the year to date.

In the outlook revision, S&P considered the company's recently announced $5 billion share repurchase program. While the program is substantial, the agency said it expects Anadarko to buy back shares in a prudent manner.

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