S&P: EQT stable at BBB

Standard & Poor's said it affirmed its BBB rating on EQT Corp. The outlook is stable.

"The affirmation of our rating on EQT follows the company's announcement that it plans to form an MLP with portions of the assets of Equitrans LP, EQT's interstate pipeline subsidiary," said S&P credit analyst Lawrence Wilkinson in a news release.

Despite the potential for increased leverage at the MLP level, S&P said it expects that EQT will maintain adequate credit protection measures over the intermediate term.

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