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Published on 2/12/2024 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch assigns BB+ to CNX notes

Fitch Ratings said it assigned BB+/RR4 ratings to CNX Resources Corp.'s planned eight-year senior unsecured notes.

CNX will use the proceeds for the tender and redemption of all the outstanding 7¼% senior unsecured notes due 2027, also rated BB+/RR4, and a portion of revolver borrowing.

The outlook remains stable.


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