Chespeake’s Credit Downgraded by S&P, Stock Hits 3-Year Low
Chesapeake Energy’s credit rating was downgraded by Standard & Poor’s to BB-, which is defined as, “Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.” The downgrade caused the stock to tumble to its lowest point since March 2009.
To view this content, log into your member account. (Not a member? Join Today!)