S&P: Kodiak on positive watch

Standard & Poor's said it placed the ratings on Kodiak Oil & Gas Corp. on CreditWatch with positive implications, including the company's B corporate credit rating.

The agency said it placed the ratings on CreditWatch following news that Kodiak plans to acquire assets in the Bakken and Three Forks areas of the Williston Basin from Liberty Resources for $660 million in cash.

The positive CreditWatch placement reflects the potential to raise the ratings on Kodiak after the transaction closes, S&P said.

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