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Fitch revises Apache view to stable
Fitch Ratings said it affirmed the issuer default rating and senior unsecured ratings of Apache Corp. at BBB+.
The outlook was revised to stable from positive.
Roughly $10.92 billion in debt is affected by this action.
Fitch said the uncertainty associated with Apache's restructuring, as well as recent increases in debt, have led the agency to revise outlook back to stable from positive.
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