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Maryland Industrial Development Financ. Auth. -- Moody's reviews Occidental Petroleum's ratings for downgrade

Moody's Investors Service (Moody's) placed all ratings of Occidental Petroleum Corporation (OXY) under review for downgrade, including its A3 senior unsecured debt rating and its P-2 commercial paper rating. OXY has proposed issuing 0.6094 new shares and $38.00 cash for each share of Anadarko, resulting in overall consideration that is 50% equity and 50% cash.