DBRS confirms Anadarko, Kerr-McGee

DBRS said it confirmed the senior notes of Anadarko Petroleum Corp. and of Kerr-McGee Corp. at BBB (low) with a stable trend and removed the ratings from under review with negative implications, where they were placed on June 9 and maintained on Aug. 10.

The stable trend reflects expectations that in the event that the company was required to fund the significant expenditures, it will maintain credit metrics at 2007 levels, with restoration to current levels within 12 to 18 months.

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