Fitch lowers Southwestern Energy view to negative

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

The agency also said it affirmed the company’s long-term issuer default rating at BBB-, senior unsecured notes at BBB-, bank revolver rating at BBB-, term loan rating at BBB-, short-term issuer default rating at F3 and commercial-paper program rating at F3.

The negative outlook considers the effect that persistently low oil and gas prices will have on the company’s leverage profile, especially following the December 2014 leveraged acquisition of the Southwestern Appalachia assets, Fitch said.

Previous forecasts for the company’s leverage assumed a more supportive pricing environment, the agency said.

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