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Antero Resources LLC Rating Raised To 'B+' From 'B'; Outlook Stable Mar 11
Standard & Poors, March 2011
Abstract
Independent U.S. exploration and production company Antero Resources LLC announced increased proved reserves of 183% to 3.2 Tcfe as of Dec. 31, 2010. We have raised the corporate credit rating to 'B+' from 'B'. The stable outlook reflects expectations that Antero will grow production and manage spending such that adjusted debt leverage does not materially exceed 3x, and liquidity remains adequate will pursuing the aggressive development of its reserves. NEW YORK (Standard & Poor's) March 10, 2011--Standard & Poor's Rating Services said today that it raised its corporate credit rating on Denver-based Antero Resources LLC to 'B+' from 'B'. The outlook is stable. At the same time we raised the senior unsecured rating to 'B' from 'B-'. The recovery rating...
Companies mentioned in this report are: Antero Resources LLC
Action: Upgraded
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.
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