Fitch changes Matador Resources view

Fitch Ratings said it affirmed the long-term issuer default ratings of Matador Resources Co. and MRC Energy Co. at BB-.

Fitch also affirmed the company’s reserve-based lending credit facility at BB+/RR1 and Matador's senior unsecured notes at BB-/RR4.

The outlook was changed to positive from stable.

The positive outlook reflects Fitch's expectation of increasing production size, improving financial flexibility and leverage following reduction of the RBL and strong free cash flow generation throughout the forecast.

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