Fitch ups Anadarko short-term IDR to F2, view stable

Fitch Ratings said it affirmed Anadarko Petroleum Corp.’s and Kerr-McGee Corp.’s long-term issuer default rating at BBB.

Anadarko's short-term issuer default rating and commercial paper rating were upgraded to F2 from F3.

The outlook was revised to stable from negative.

Fitch said the ratings are supported by Anadarko's significant production scale, demonstrated asset quality, quality track record as an upstream operator, strong liquidity position and successful history of asset development and monetization.

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