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S&P upgrades Montage
S&P said it upgraded its rating for Montage Resources Corp. to BB- from B-, removed it from CreditWatch with positive implications and withdrew the rating.
The actions follow Southwestern Energy Co., rated BB- by S&P, completing Montage’s acquisition, the agency said. Southwestern redeemed all of Montage’s senior debt and placed any borrowings on its facility. S&P also withdrew the debt rating since Southwestern repaid it.
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