OREANDA-NEWS. Fitch Ratings plans to withdraw the ratings on Halliburton Company (Halliburton; NYSE: HAL) on or about July 28, 2016, which is approximately 30 day from the date of this release, for commercial reasons.

Fitch currently rates Halliburton as follows:

--Long-Term Issuer Default Rating (IDR) 'A-';

--Senior unsecured notes/debentures 'A-';

--Senior unsecured bank facility 'A-';

--Short-Term IDR 'F2';

--Commercial paper program 'F2'.

The Rating Outlook is Negative.

Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal of Halliburton. Ratings are subject to analytical review and may change up to the time Fitch withdraws the ratings.

Fitch's last rating action for the above referenced entities was on April 8, 2016. The Long-Term IDR and unsecured debt ratings were affirmed at 'A-'. In addition, Fitch affirmed the Short-Term IDR and commercial paper program at 'F2'.