Moody’s revises Rice Energy to positive

Moody's Investors Service said it affirmed Rice Energy Inc.'s B2 corporate family rating, B2-PDR probability of default rating, B3 senior unsecured note rating and SGL-3 speculative grade liquidity rating.

The outlook was changed to positive from stable.

"Rice's rating affirmation and positive outlook reflect Rice's strong growth in production and proved developed reserves at favorable returns, which we expect will continue through 2016," Moody's vice president Gretchen French said in a news release.

"However, in order to be upgraded, Rice will also need to demonstrate that it can continue to maintain consolidated credit metrics indicative of a higher rating category as it continues to grow both its upstream and midstream operations."

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