S&P may boost Mariner Energy

Standard & Poor's said it placed Mariner Energy Inc.'s B+ corporate credit rating on CreditWatch with positive implications.

The action follows news that Apache Corp. will acquire Mariner, S&P said. The agreement is subject to regulatory clearance and Mariner stockholder approval.

Key elements in resolving the CreditWatch will be Mariner's credit profile and its strategic importance to Apache, S&P said, and whether Apache will provide a guarantee, integrate Mariner into the company, or leave it as a standalone subsidiary.

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