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.
In the next part of the series, we’ll see why EQT’s free cash flows were lower in 1Q16.