Fitch affirms EQT

Fitch said it affirmed EQT Corp.'s issuer default rating at BBB, its senior unsecured debt rating at BBB and its short-term issuer default rating at F2.

The agency said it also revised the outlook to negative from stable.

Fitch said the outlook revision reflects the continued growth of the company's upstream operations, which introduces more credit risk to the financial profile versus lower volatility midstream and distribution businesses.

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