Moody's upgrades Southwestern Energy to Ba1
Moody's Investors Service ("Moody's") upgraded Southwestern Energy Company's (Southwestern) Corporate Family Rating (CFR) to Ba1 from Ba2, Probability of Default Rating to Ba1-PD from Ba2-PD and senior unsecured notes rating to Ba2 from Ba3. At the same time, Moody's affirmed the Baa2 rating on the...Southwestern Energy is a holding company. Through its subsidiaries, the company is an independent energy company engaged in exploration, development and production activities, including the related marketing of natural gas, oil and natural gas liquids (NGLs) produced in its operations. The company's primary business is the exploration for, and production of, natural gas, oil and NGLs. The company's operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale, and its operations in West Virginia and southwest Pennsylvania are focused on the Marcellus Shale, the Utica and the Upper Devonian unconventional natural gas, oil and NGL reservoirs.
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