07.08.2015 17:59:00

Ascent Resources - Marcellus LLC -- Moody's Downgrades Ascent Resources -- Marcellus to Caa2, Outlook Changed to Negative

New York, August 07, 2015 -- Moody's Investors Service, ("Moody's") downgraded Ascent Resources -- Marcellus, LLC's (ARM) Corporate Family Rating (CFR) to Caa2 from B2, Probability of Default Rating (PDR) to Caa2-PD from B2-PD, Senior Secured First Lien rating to Caa1 from Ba3 and Senior Secured Second Lien rating to Caa3 from Caa1. Moody's also lowered the Speculative Grade Liquidity Rating to SGL-4 from SGL-3 to underscore weak liquidity. The rating outlook is negative.

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