Matador Resources Company Provides Operational Update

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Go back to Matador Resources Company Provides Operational Update

Matador Resources (MTDR) Assigned 'B' Rating by S&P; Outlook Stable

April 6, 2015 12:04 PM EDT

Standard & Poor's Ratings Services today assigned its 'B' corporate credit rating to Dallas-based Matador Resources Co. (NYSE: MTDR). The outlook is stable. At the same time, we assigned our 'B-' issue-level rating to Matador Resources' proposed $350 million senior unsecured notes due 2023. The recovery rating on the notes is '5', indicating our expectations of modest (10% to 30%; at the upper end of the range) recovery to creditors in the event of a payment default.

"The ratings on Matador Resources reflect our view... More