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Moody's might lift Laredo
Moody's Investors Service said it placed Laredo Petroleum, Inc.'s corporate family rating, probability of default rating and senior note ratings on review for upgrade.
With 47% of its production comprised of liquids, Moody's said Laredo is well positioned to enjoy robust cash flow generation for at least the next few years based on the agency's expectation for a sustained high oil price environment.
The review will also take Laredo's solid year-end results with favorable full cycle metrics and a continuing strong operational track record into account, Moody's said.
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