| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Diamondback Energy, Inc. > News item |
S&P revises Diamondback Energy view to negative
S&P said it affirmed the BBB- issuer credit rating on Diamondback Energy Inc. and revised the outlook to negative from stable.
“We expect U.S.-based oil and gas exploration and production company Diamondback Energy Inc.'s credit metrics will be significantly weaker than our prior forecast due to our latest oil and gas price revisions,” S&P said in a news release.
“The company's sizable hedge position and recent budget reductions alleviate the impact on cash flow and its strong liquidity provides cushion.”
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.