Scandoil  

Fitch revises Chesapeake's rating outlook to positive; Affirms Ratings


Published May 16, 2014
Chesapeake Energy Corporation

Fitch Ratings has revised Chesapeake Energy's Rating Outlook to Positive from Stable and affirmed, along with various other ratings, Chesapeake's Long-term Issuer Default Rating (IDR) at 'BB-'. A full list of ratings follows at the end of this release. The rating affirmation affects approximately $15 billion in rated securities.

The Outlook revision is driven by Chesapeake management's stated intention to delever and simplify its capital structure, its much improved liquidity position, expectations of significantly reduced free cash flow deficits and higher cash flow generation going forward. Additionally, better natural gas realizations are factored into the Outlook.

Tags: Chesapeake Energy Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml