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Moody's: SandRidge notes B3
Moody's Investors Service said it placed SandRidge Energy Inc.'s B2 corporate family rating, probability of default rating and senior note ratings on review for upgrade.
Moody's also assigned a B3 rating to the company's new $750 million senior notes.
Moody's said that because of recent technological advances, SandRidge is expected to show rapid reserve and production growth over the next few years, primarily in its Horizontal Mississippian play in Oklahoma and Kansas.
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