New York, September 19, 2014 -- Moody's Investors Service changed Range Resources' outlook to positive from stable. Moody's affirmed the Ba1 Corporate Family Rating, Ba2 subordinated notes rating, and SGL-2 Speculative Grade Liquidity Rating.
"The positive outlook reflects Range's improving leverage position and growing commitment to an investment grade rating," said Moody's Vice President -- Senior Credit Officer Stuart Miller. "The company's scale and operating efficiency support a higher rating, but its operating concentration in the Marcellus region creates a high degree of exposure to the successful build-out of midstream infrastructure by third parties."
I met with RRC management at EnerCom. They have one of the best marketing groups in the industry, which is why they continue to get top dollar for the production. - Dan