Fitch rates WPX Energy notes BB, revolver BBB-

Fitch Ratings said it assigned a BB/RR4 rating to WPX Energy Inc.’s senior unsecured notes and a BBB-/RR1 rating to the senior secured revolving credit facility.

“WPX’s ratings are supported by forecast FCF generation, double-digit production growth, improving maturity profile, undrawn revolver, strong leverage metrics, and operational and financial flexibility provided by its midstream agreements,” said Fitch in a press release.

The outlook is stable.

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