Rice Energy Announces Pricing of Public Offering of Common Stock
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Rice Energy (RICE) Ratings Placed on Review for Upgrade at Moody's
September 27, 2016 4:47 PM EDTMoody's Investors Service, ("Moody's") placed the ratings of Rice Energy, Inc. under review for upgrade, including the B2 Corporate Family Rating (CFR), the B2-PD Probability of Default Rating (PDR), and the B3 senior unsecured notes rating following Rice's announced agreement to purchase Vantage Energy Inc. (Vantage, unrated) and its midstream gas gathering business, Vista Gathering LLC (Vista, unrated). Rice's SGL-2 Speculative Grade Liquidity Rating remains unchanged.
"With the acquisition of Vantage and Vista, Rice will nearly double its Marcellus acreage position and significantly increase its natural gas gathering capacity in the basin," said Vice President Senior Analyst,... More
S&P Places Rice Energy (RICE) on CreditWatch Positive
September 27, 2016 3:07 PM EDTS&P Global Ratings said that it affirmed its 'B' corporate credit rating on Rice Energy Inc. (NYSE: RICE), and placed its ratings on the company, including the corporate credit rating, on CreditWatch with positive implications.
"The CreditWatch placement reflects the potential for an upgrade when the acquisition closes," said S&P Global Ratings' credit analyst Michael McConnell. "If the transaction closes as expected,... More
