DBRS confirms Anadarko

DBRS said it confirmed the issuer rating of Anadarko Petroleum Corp. and the senior unsecured notes and debentures ratings of Anadarko and Kerr-McGee Corp. at BBB.

The trend is stable.

The agency said the company’s BBB rating is primarily backed by its business profile, which includes a large and low-cost production base, a substantive portfolio of lower-risk development opportunities largely within the U.S. onshore Denver-Julesburg and Delaware basins, a significant presence in the U.S. deepwater Gulf of Mexico and sufficient liquidity.

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