S&P lifts Cimarex Energy view to positive

Standard & Poor's said it affirmed the BB corporate credit and other ratings of Cimarex Energy Co.

The outlook was revised to positive from stable.

The positive outlook reflects the potential for an upgrade if Cimarex can maintain its historically above-average financial performance in the face of a potentially prolonged period of low natural gas prices, S&P said.

The agency said it expects Cimarex to continue to increase its liquids production as a buffer to uncertain natural gas prices.

The company's competitive operating costs and modest debt leverage provide comfort that its liquidity and financial measures will remain above average should natural gas prices stay low for an extended period, S&P said.

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