|
|
 |
|
Viewing report
|
|
|
|
Antero Resources LLC's Senior Unsecured Note Rating Lowered To 'B' From 'B+' Jan 10
Standard & Poors, Jan 2010
Abstract
Independent oil and natural gas company Antero Resources LLC is planning a $100 million add-on to the existing $375 million senior unsecured notes. We are lowering the issue-level rating on the senior unsecured notes to 'B' from 'B+' and revised the recovery rating on the notes to '3' from '2'. The stable outlook reflects our view that the company will maintain sufficient liquidity and leverage while executing its capital spending plans in unconventional resource plays. NEW YORK (Standard & Poor's) Jan. 13, 2010--Standard & Poor's Ratings Services lowered its issue-level rating on Antero's existing $375 million senior unsecured notes due 2017 to 'B' from 'B+' following the proposed $100 million add-on. We revised the recovery rating to '3' on this...
Companies mentioned in this report are: Antero Resources LLC
Action: Downgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
