Anadarko’s credit ratings
Credit ratings are an effective way to determine the risk involved in investing in a particular security. The top three credit rating agencies in the world are Moody’s, Standard & Poor’s, and Fitch.
For Anadarko Petroleum (APC), Moody’s has provided a Ba1 credit rating. Standard & Poor’s and Fitch have both given the company a BBB rating. All three agencies provided a “negative” outlook for APC, which means they may downgrade APC’s debt in the future.
APA and APC make up 5.1% of the Guggenheim S&P 500 Equal Weight Energy ETF (RYE).
Let’s move on now to look at the trends for Anadarko’s free cash flow.