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Fitch: EQT unaffected
Fitch Ratings said that EQT Corp.'s acquisition of 58,000 net acres in the Marcellus Shale play will not have an immediate impact on the company's ratings.
EQT is financing the $280 million acquisition conservatively with 90% common stock and 10% cash, with closing expected by April 30, the agency said.
Fitch said it currently rates EQT as follows: issuer default rating BBB+; senior unsecured debt BBB+; and short-term issuer default rating F2.
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