Fitch turns Marathon view to stable

Fitch Ratings said it revised the outlook to stable from negative and affirmed Marathon Petroleum Corp.’s long-term issuer default rating and senior unsecured ratings at BBB.

The revision reflects the favorable effect of the pending $21 billion sale of Speedway to 7-Eleven, which will provide the external funding to materially delever the parent's balance sheet and create a short-term cash cushion, Fitch said.

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