Moody’s rates WPX notes B1

Moody’s Investors Service said it assigned a B1 rating to WPX Energy, Inc.’s proposed senior unsecured notes due 2027.

Proceeds will be used to fund tenders for part of its outstanding notes due 2022 and 2023.

Moody’s said it considers the note offering leverage neutral.

WPX's ratings are unchanged.

The outlook is stable.

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