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S&P might downgrade EQT
S&P said it placed its BBB corporate credit and senior unsecured debt ratings for EQT Corp. on CreditWatch with negative implications.
The agency said the CreditWatch placement follows EQT's announcement that it plans to spin off its midstream energy business, including EQT Midstream Partners LP.
“The CreditWatch placement reflects the likelihood for a downgrade following the close of the transaction, which we expect by the end of 2018,” S&P said in a news release.
“We anticipate that a downgrade would be limited to one notch.”
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