S&P affirms Vanguard Natural

Standard & Poor's said it affirmed its B corporate credit rating on Vanguard Natural Resources LLC. The outlook is stable.

The agency said it also affirmed its B- issue-level rating on the company's $300 million senior unsecured notes due 2020. The recovery rating on this debt remains 5.

"The additional reserves improve Vanguard's overall size and the addition of the Arkoma basin adds some geographic diversity to the reserve and production base," said S&P credit analyst Marc D. Bromberg in a news release.

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