Fitch shifts Southwestern Energy view to stable

Fitch Ratings said it revised Southwestern Energy Co.’s outlook to stable from negative.

“The outlook revision to stable reflects Fitch's belief that the Montage acquisition has been successfully integrated. In addition, near-term leverage metrics are expected to improve to BB rating tolerances over the forecast under Fitch's base case price deck, and current strip pricing assumptions. Southwestern has proven its ability to access debt capital markets and has sufficient runway in addressing debt maturities,” Fitch said in a press release.

Concurrently, the agency affirmed Southwestern’s BB issuer rating, its senior secured revolver at BBB-/RR1 and senior unsecured notes at BB/RR4.

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