Moody’s ups RSP Permian, notes

Moody's Investors Service said it upgraded RSP Permian, Inc.'s corporate family rating to Ba3 from B1, probability of default rating to Ba3-PD from B1-PD and senior unsecured notes to B1 from B2.

The SGL-2 speculative grade liquidity rating was affirmed.

The outlook was revised to stable from positive.

“RSP Permian has significantly grown production and reserves while only moderately leveraging its balance sheet,”

Moody's vice president Amol Joshi said in a news release.

"Moody's expects RSP Permian to continue executing on its growth plan, leading to improving cash flow and production based leverage metrics in 2018."

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