S&P ups Sweetwater to stable

Standard & Poor's said it revised its outlook on Sweetwater Investors LLC to stable from negative. At the same time, the agency said it affirmed the BBB- senior secured debt ratings on the company.

S&P said the BBB- rating on Sweetwater reflects the company's stand-alone credit quality as well as the agency's rating on Anadarko Petroleum Corp., which caps the rating on Sweetwater.

According to S&P, Anadarko indirectly owns the mining interests in the property, through which royalties are ultimately conveyed to Sweetwater. The stable outlook reflects the agency's outlook on Anadarko.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.