Analysis of the DoD Training and Simulation Market Integrated Training Presents Future Growth Opportunities
- Language: English
- 74 Pages
- Published: April 2012
- Region: North America
The ratings on The Woodlands, Tx.-based Anadarko Petroleum Corp. reflect Standard & Poor's Ratings Services' assessment of the company's "strong" business risk and "significant" financial risk. We believe Anadarko will continue to post solid production growth by developing its large inventory of oil and liquids-rich U.S. onshore projects augmented by the start-up of large, international projects, while continuing to reduce debt incurred from its $4 billion cash settlement with BP PLC (A/Stable/A-1) for Macondo-related liabilities. However, the company faces uncertainty surrounding a potential unfavorable judgment or substantial cash settlement related to the ongoing Tronox Inc. lawsuit. Anadarko acquired Kerr McGee Corp. in 2006. Kerr McGee's former subsidiary, Tronox Inc., is suing Anadarko for actual and constructive fraudulent conveyance (the illegal...
Companies mentioned in this report are: Anadarko Petroleum Corp.,BP PLC,Tronox Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Anadarko Petroleum Corp.,BP PLC,Tronox Inc.