S&P lifts Range Resources view to positive

Standard & Poor's said it affirmed its BB- corporate credit rating on Range Resources Corp. and revised its outlook on the company to positive from stable.

S&P said the positive outlook reflects Range's improved business position due to success-adding reserves and expanding production without significantly increasing leverage or cost structure. The combination of higher production, commodity price hedging and relative efficiency of operations position the company to improve the financial profile, reducing debt to levels commensurate with a higher rating, the agency said.

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