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Moody's cuts outlook for EQT on credit risk

Stock quotes in this article: EQT  

NEW YORK (AP) — Moody's Investors Service said Friday it reduced the outlook for energy company EQT Corp. to "Negative" from "Stable," saying its exploration and production operations increase credit risks.

Moody's also affirmed its "Baa1" senior unsecured rating and "P-2" short-term ratings for Pittsburgh-based EQT.

The ratings agency also affirmed its "Baa3" senior secured rating for EQT's sponsored structured vehicle, Appalachian NPI LLC, but cut its outlook to "Negative" from "Stable." ...

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