Fitch Ratings said Friday that it has affirmed Newfield Exploration Co.'s (NFX) Issuer Default Rating at 'BB+'.
The Outlook remains Stable.
Fitch said the ratings reflect Newfield's leverage, negative free cash flow, and the ongoing transition of its asset base to that of a domestic oil and liquids producer.
Adequate liquidity, an extended maturity profile, and liquids production growth in key basins all support the rating and outlook despite expectations of weakening credit metrics in the near term, the rating agency noted.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.