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Fitch Affirms Murphy Oil's IDR at 'BBB-'; Outlook Remains Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Rating (IDR) for Murphy Oil Corporation (NYSE: MUR) at 'BBB-'. The Rating Outlook remains Stable. Fitch affirms the following ratings: Murphy Oil Corporation: --Issuer Default Rating (IDR) at 'BBB-'; --Senior unsecured notes at 'BBB-'; --Senior unsecured revolver at 'BBB-'. Approximately $3.28 billion in balance sheet debt including capitalized leases is affected by today's rating action. KEY RATING DRIVERS MUR's ratings ar

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