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DBRS comments on Chevron, Noble deal
DBRS said in a press release that Chevron Corp.’s acquisition of Noble Energy will have a “mildly positive impact on the company’s business risk profile, a nominally negative impact on the company’s credit risk profile and no impact on the overall issuer rating.”
DBRS rates Chevron AA with a negative trend.
The all-stock transaction is valued at $5 billion.
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