CHICAGO–(BUSINESS WIRE)–Fitch Ratings has downgraded Hess Corporation’s (NYSE: HES) Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BBB’ and revised the Rating Outlook to Stable from Negative. Pro forma for October debt repurchases and redemptions, approximately $6.1 billion of Hess debt is affected by today’s rating action, excluding non-recourse debt at Hess Infrastructure Partners (HIP). The downgrade reflects the loss in size and diversification seen at the company over the last few years due
