Range Resources Corporation: Update to credit analysis following upgrade to B1
Our credit view of Range reflects good asset coverage, and large scale of production and reserves in the Marcellus, offset by the need to further reduce debt given weak natural gas pricing.Range Resources is a holding company. Through its subsidiaries, the company is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, located in the Appalachian and North Louisiana regions of the United States, primarily in the Marcellus Shale in Pennsylvania and the Lower Cotton Valley formation in Louisiana.
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