Fitch affirms Anadarko

Fitch Ratings said it has affirmed the long-term issuer default rating and associated long-term unsecured debt ratings of Anadarko Petroleum and its affiliates at BBB-.

Additionally, the company's short-term issuer default rating and commercial paper ratings have been also affirmed, the agency said.

The outlook remains stable.

According to Moody's, the affirmation reflects the company's large reserve base of over 2.2 billion barrels of oil equivalent offset by the company's financial leverage and higher than average finding, development and acquisition costs.

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