Fitch Ratings

Fitch ratings negative

Fitch ratings negative

On Tuesday, the Fitch ratings outlook had changed to negative on the Anadarko Petroleum Corp from being stable. This fall cited the increasing number of the estimates the company’s damage that is was going to have to pay because of the oil spill incident at the Gulf of Mexico.

The negative outlook indicates that the company might have to cut down from its already embarrassing lowest investment grade of BBB-minus over the next year or Two. the Company’s borrowing costs would also increase due to the downgrades into the territory of junk.