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S&P rates Andarko notes BBB-
Standard & Poor's said it assigned a BBB- rating to Anadarko Petroleum Corp.'s proposed $1.5 billion senior unsecured notes offering due 2017. Its corporate credit rating is BBB-.
The outlook is negative.
The oil and gas exploration and production company intends to use proceeds from the offering to repay debt at its midstream subsidiary, S&P said.
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