Fitch rates EQT BBB+

Fitch Ratings said it has initiated coverage and assigned a BBB+ issuer default rating to EQT Corp.

The outlook is stable.

Additionally, Fitch said it has assigned the following ratings: senior unsecured debt BBB+ and short-term issuer default rating F2.

EQT's ratings are supported by the stability and predictability of cash flows from its midstream and gas distribution businesses and the quality of its exploration and production segment, which focuses on natural gas production in the Appalachian Basin, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.