U.S. Markets close in 1 hr 26 mins

EQT Corporation -- Moody's changes EQT's rating outlook to negative

Moody's Investors Service ("Moody's") changed EQT Corporation's (EQT) rating outlook to negative from stable. "The prospect of EQT's weakening cash flow metrics in a weak natural gas price environment is further exacerbated by the substantial uncertainty and disruption arising out of company's announced board and management changes. A lack of clarity around the company's future strategy vis-a-vis capital preservation as well as its ability to successfully execute on its debt reduction plan create additional risk that is reflected in the negative outlook," commented Sreedhar Kona, Moody's senior analyst.