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Published on 6/9/2010 in the Prospect News Convertibles Daily.

DBRS may cut Anadarko Petroleum

DBRS said it placed the BBB rating of the senior unsecured notes of Anadarko Petroleum Corp. and the BBB rating of the senior unsecured notes of Anadarko's wholly owned subsidiary Kerr-McGee Corp. under review with negative implications.

The actions reflect uncertainties regarding the company's potential share of significant liabilities and clean-up costs associated with the Macondo well oil spill in the Gulf of Mexico, which started on April 20, according to the agency.


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