What Are Credit Rating Agencies Saying about EQT?
For EQT (EQT), Moody’s has provided a Baa3 rating. Standard & Poor’s has given it a BBB credit rating, and Fitch has given it a BBB- rating.
June 18 2016, Updated 11:05 p.m. ET
EQT’s credit ratings
Credit ratings are an effective way to determine the risk involved in investing in a particular security. The top three credit rating agencies in the world are Moody’s, Standard & Poor’s, and Fitch.
For EQT (EQT), Moody’s has provided a Baa3 rating. Standard & Poor’s has given it a BBB credit rating, and Fitch has given it a BBB- rating. This means that all these credit agencies believe EQT has good credit quality, with medium to low risk.
EQT’s peer Noble Energy (NBL) also has similar ratings from these agencies. Antero Resources (AR) has slightly lower ratings, with a BB rating from Standard & Poor’s and a Ba3 rating from Moody’s.
In the next part of the series, we’ll see why EQT’s free cash flows were lower in 1Q16.