Fitch Ratings has affirmed the Issuer Default Rating and senior
unsecured ratings of Apache Corporation APA at 'BBB+'. In
addition, Fitch has revised the company's Outlook to Positive from
Stable. Ratings for the company's preferreds have been withdrawn.
Approximately $10.93 billion in debt is impacted by today's rating
action.
A full list of ratings follows at the end of this press release.
KEY RATINGS DRIVERS
Apache's ratings are supported by the company's recent debt repayments;
rising exposure to liquids (liquids production reached 55% on a pro
forma basis in Q3, the highest in the company's history); good size and
See full press release
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