Fitch affirms Anadarko Petroleum

Fitch Ratings said it affirmed the issuer default rating and debt ratings of Anadarko Petroleum Corp.

Currently, Fitch said it rated Anadarko's issuer default rating, senior unsecured debt and bank credit facility at BBB+.

Additionally, Fitch added it has affirmed Anadarko's preferred stock at BBB and its commercial paper at F2.

The outlook is stable.

The affirmation is based upon the company's large reserve base, its strong credit profile and the company's ability to successfully grow its reserve base economically through the drillbit, the agency added.

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