AGENCY REVISES OUTLOOK FOR CANADIAN OCCIDENTAL

AGENCY REVISES OUTLOOK FOR CANADIAN OCCIDENTAL

Canadian Bond Rating Service said it is maintaining its "A" (low) rating on Canadian Occidental Petroleum's long-term debt, but revising its outlook to positive from stable.

The revision comes following a review of Canadian Occidental's first- half results. "Strong operating and financial performance and a substantial reduction in debt outstanding" led to the revision, CBRS said.