S&P rates WildHorse notes B

S&P said it assigned it B corporate credit rating to WildHorse Resource Development Corp. The outlook is stable.

At the same time, S&P assigned a B issue-level rating and 4 recovery rating to the company's proposed $300 million senior unsecured notes. The 4 recovery rating indicates an expectation of average (30% to 50%; higher half of the range) recovery of principal in the event of payment default.

S&P said the stable outlook reflects an expectation that WildHorse will continue to increase production and developed reserves while maintaining adequate liquidity.

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