| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Range Resources Corp. > News item |
S&P cuts Range Resources
S&P said it downgraded Range Resources Corp. and the company’s unsecured issue-level ratings to BB from BB+, citing an assumption of lower prices for natural gas and natural gas liquids.
The agency sees Range Resources’ credit metrics being weaker than it had forecasted.
The outlook is negative.
“Our negative ratings outlook on Range reflects our expectation that the company's credit measures will be weak for the rating through 2020 with only modest support from the current hedging schedule,” S&P said in a press release.
© 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.