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Published on 8/3/2012 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch affirms Anadarko

Fitch Ratings said it has affirmed the issuer default rating and associated debt ratings for Anadarko Petroleum at BBB-.

The affirmation affects about $13 billion of rated securities, the agency said.

The outlook remains negative.

The ratings reflect the company's large size and asset position worldwide, moderately levered capital structure, strong liquidity and its cash flow generating capability, Fitch said.


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