Moody's revises its rating outlook for Chesapeake Energy (CHK) to stable from negative while...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Moody's revises its rating outlook for Chesapeake Energy (CHK) to stable from negative while affirming CHK's Ba2 corporate credit and Ba3 senior unsecured debt ratings. CHK should get a boost from reserve and production growth and debt reduction, the rating firm says, noting CHK's significant progress in reducing its capital spending, hedging its natural gas exposure and increasing its cash availability.