Fitch Affirms Southwestern Energy's IDR At 'BBB-'; Outlook Stable

(RTTNews) - Fitch Ratings said Friday that it has affirmed Southwestern Energy Co.'s (SWN) Issuer Default Rating and senior unsecured debt ratings at 'BBB-'.

The Rating Outlook is Stable.

The Stable Outlook, consistent with Fitch's October 2014 review, reflects management's actions to secure a permanent financing structure within 90 days of closing that results in expected long-term mid-cycle debt/EBITDA metrics at or below 2.0x.

Fitch said Southwestern's ratings are supported by its credit conscious financial policy and strong operating history that has resulted in the achievement of drilling efficiencies and competitive production and FD&A cost profiles.