S&P rates Gastar notes B-

Standard & Poor's said it assigned its B- corporate credit rating to Gastar Exploration USA Inc.

The outlook is stable.

At the same time, S&P assigned a B- issue rating and a 3 recovery rating to the $200 million senior secured notes due 2018.

"The ratings on Gastar reflect its very small reserve and production base, currently high concentration of production in the Marcellus shale basin, aggressive capital spending plan that could significantly weaken its liquidity, and its natural gas-weighted reserve base," S&P credit analyst Stephen Scovotti said in a news release.

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