LINN Energy Announces $2.3 Billion Acquisition of Assets from Devon Energy
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S&P Raises Outlook on Devon Energy (DVN) to Stable; Sees Improvement in Credit Protection Measures
July 2, 2014 11:53 AM EDTStandard & Poor's Ratings Services said it revised its rating outlook on Oklahoma City-based Devon Energy (NYSE: DVN) to stable from negative and affirmed all of its ratings on the company, including the 'BBB+' corporate credit rating.
The rating action reflects expected improvement in Devon's credit protection measures due to the use of asset sale proceeds to repay a portion of debt incurred to fund the acquisition of Eagle Ford oil- and gas-producing assets in the first quarter of 2014. The... More
S&P Places Linn Energy, LLC (LINE) on CreditWatch Negative
July 1, 2014 1:57 PM EDTStandard & Poor's Ratings Services affirms its 'BB-' corporate credit ratings on Houston-based exploration and production company Linn Energy LLC (Nasdaq: LINE). The outlook is stable.
At the same time, we placed our 'B+' ratings on Linn's senior unsecured debt on CreditWatch with negative implications, reflecting the potential for a downgrade following the close of the transaction, depending on the final... More
