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Fitch Expects to Rate Devon Energy's Senior Unsecured Notes 'BBB+'

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects to rate Devon Energy Corporation's (NYSE: DVN; Devon) proposed senior unsecured notes issuance 'BBB+'. The company intends to use the net proceeds to repay the outstanding $500 million floating-rate notes due December 2015 with any remaining proceeds for general corporate purposes. The proposed issuance addresses Devon's near-term maturity and helps to support its liquidity profile. KEY RATING DRIVERS Devon's ratings reflect its large North Americ

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