Moody's upgrades Pioneer Natural Resources' rating to Baa2
Approximately $3.2 billion of rated debt affected. New York, March 01, 2017-- Moody's Investors Service, upgraded the senior unsecured notes rating of Pioneer Natural Resources Company to Baa2 from Baa3. "Pioneer's upgrade to Baa2 reflects its limited use of debt while executing on an ambitious growth strategy, anchored by its production from the prolific Permian Basin in West Texas," commented Andrew Brooks, Moody's Vice President.
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