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S&P lifts, withdraws RSP Permian
S&P said it raised its corporate credit rating on RSP Permian Inc. to BBB- from B+ and removed it from CreditWatch with positive implications, where it was placed on March 28.
The agency said the action follows the completion of Concho Resources Inc.'s acquisition of RSP Permian.
S&P subsequently withdrew the ratings on RSP Permian, as all of the outstanding RSP Permian senior notes have been redeemed.
The agency said it raised the issuer credit and senior unsecured ratings on RSP Permian to equalize them with the rating on Concho Resources.
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