S&P: Exco view to stable

Standard & Poor's said it affirmed its B corporate credit rating on Exco Resources Inc. and revised the outlook to stable from negative.

In addition, the agency affirmed the B+ rating on Exco's secured bank debt and the CCC+ rating on the company's senior unsecured notes.

S&P said the outlook revision reflects its revised assessment of Exco's liquidity to "adequate" from "less than adequate" and the expectation that the company's leverage will remain at an acceptable level for the current rating.

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