ConocoPhillips and Anadarko Petroleum Corp. are among 29 U.S. oil and gas exploration and production companies whose ratings Moody’s Investors Service is reviewing for possible downgrades, spelling new trouble. ConocoPhillips is rated A2 by Moody’s, while Anadarko, at Baa2, is just two steps above junk.
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Those are the current grades jack ass .... They will be down graded going from this point going forward.
I am confused. Is the A2 the new rating or the old rating. A downgrade is huge.