Moody's confirms Concho's ratings and will withdraw after close of ConocoPhillips' debt exchange offer
Rating Action: Moody's confirms Concho's ratings and will withdraw after close of ConocoPhillips' debt exchange offer. Global Credit Research- 09 Feb 2021. New York, February 09, 2021-- Moody's Investors Service confirmed Concho Resources Inc.' s senior unsecured notes ratings at Baa3.Concho Resources is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. The company's operations are primarily focused in the Permian Basin of West Texas and Southeast New Mexico.
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