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Standard & Poor's downgrades Quicksilver Resources' (KWK +5.2%) corporate credit rating to...
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Wednesday, June 27, 2012, 11:28 AM ETStandard & Poor's downgrades Quicksilver Resources' (KWK +5.2%) corporate credit rating to B- from B, expecting weaker profitability and deteriorating credit protection measures for the oil and gas explorer. S&P says KWK is at risk of ongoing negative free cash flow, as it forecasts lower prices for natural gas liquids and lower production.
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