S&P affirms Anadarko

Standard & Poor's affirmed its BBB+/A-2 corporate credit rating on Anadarko Petroleum Corp.

The outlook remains stable.

S&P said the ratings affirmation follows Anadarko's announcement that it intends to sell 325 to 350 million barrels of oil equivalent of proved reserves that could yield pretax proceeds of more than $2.5 billion.

S&P views Anadarko's new strategy as largely neutral to credit quality.

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