Apache Corporation: Update following rating of APA Corporation's commercial paper program
Our credit view of this issuer reflects its potential growth opportunities with Permian Basin and Suriname assets, constrained by its large asset retirement obligations relative to peers.APA Group's principal activities are the ownership and operation of energy infrastructure assets and businesses, including energy infrastructure, primarily gas transmission businesses located across Australia; asset management and operations services for the majority of Co.'s energy investments and for third parties; and energy investments in listed and unlisted entities. Co. comprises the following reportable segments: Energy Infrastructure, Asset Management, and Energy Investments.
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