Fitch moves Chesapeake view to positive

Fitch Ratings said it changed its outlook for Chesapeake Energy Corp. to positive from stable and affirmed its BB long-term issuer default rating, senior secured reserve based loan credit facility at BBB-/RR1, senior secured term loan at BB+/RR2 and senior unsecured notes at BB/RR4.

“The positive outlook reflects the improved strength of forecast after dividend FCF, leverage, improving clarity on its longer-term asset profile and post-bankruptcy emergence to date financial discipline. Fitch could resolve the outlook ahead of its typical timeframe as Chesapeake continues to develop a track record in line with its stated financial policy,” the agency said in a press release.

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