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Antero Resources LLC Assigned 'B' Corporate Credit Rating; Proposed $300 Million Notes Rated 'B+', Recovery Rating '2' Nov 09
Standard & Poors, Nov 2009
Abstract
Independent oil and natural gas company Antero Resources LLC is planning a $300 million senior unsecured notes offering due 2017. We are assigning a 'B' corporate credit rating to the company and a 'B+' issue-level rating to the proposed notes with a recovery rating of '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) Nov. 9, 2009--Standard & Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to independent exploration and production (E&P) company Antero Resources LLC. We also assigned a 'B+' issue-level rating to the proposed $300 million senior unsecured notes due 2017....
Companies mentioned in this report are: Antero Resources LLC
Action: New Rating
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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