Fitch affirms Marathon Oil

Fitch Ratings said it affirmed Marathon Oil Corp.'s ratings as follows: issuer default rating BBB; senior unsecured credit facility and notes BBB; industrial revenue bonds BBB; commercial paper F2; and short-term issuer default rating F2.

Marathon's ratings are supported by a reasonably diverse upstream portfolio; high exposure to liquids in the upstream (64.5% of production and 75.3% of 2011 reserves); solid recent operational performance; robust liquidity; a track record of defending the rating through asset sales and capex cuts, according to the agency,

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