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Fitch views Viper Energy positively
Fitch Ratings said it revised the outlook for Viper Energy Partners LP and Viper Energy Partners LLC to positive from stable and affirmed their ratings, including the BB- issuer ratings, the senior secured revolving credit facility at BB+/RR1 and Viper Energy Partners LP's senior unsecured notes at BB-/RR4.
“The positive outlook reflects Viper's increasing size and scale, strong credit metrics and expectations for consistent FCF generation through the forecast. The company’s production size proved reserves and mid-cycle EBITDA are nearing BB category thresholds and Fitch will look to resolve the outlook in the next 12 to 18 months following continued growth,” the agency said in a press release.
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