Moody's may up Williams Production

Moody's Investors Service said it placed the debt ratings of Williams Production RMT Co. (B2 senior implied) under review for possible upgrade.

Moody's said this action reflects the continuing progress that The Williams Cos. Inc. (Ba3 senior implied) has made in its domestic exploration and production business, including consistent reserves replacement, competitive finding and development costs, increased production and reduced leverage.

The review for possible upgrade recognizes improvements disclosed for Williams E&P, but Moody's said further analysis is necessary to quantify the ratings for RMT specifically.

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