Moody’s upgrades Antero, debt

Moody's Investors Service said it upgraded Antero Resources Corp.’s corporate family rating to Ba2 from Ba3 and the debt instrument ratings at Antero Resources Corp. and Antero Resources Finance Corp. to Ba3 from B1.

The speculative grade liquidity rating was changed to SGL-2 from SGL-3.

The outlook is stable.

"The upgrade reflects Moody's expectation that Antero will continue to report strong production growth and increasing reserves despite challenging market conditions and without a significant increase in leverage," Moody's vice president and senior credit officer Stuart Miller said in a news release.

"Antero's low finding and development costs and significant commodity hedge position should allow the company to continue to prosper despite today's low commodity price environment."

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