EQT Stock Joins the Big Boys on S&P 500 Index Beginning Oct. 3

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In February 2020, EQT Corporation’s credit rating (for company-issued bonds) was designated at the “junk” (i.e. non-investment grade) level. In March of this year, two of the three top credit rating agencies–Standard & Poor’s Global Ratings and Fitch Ratings–upgraded EQT’s credit rating, returning it to investment grade (see EQT Finally Boosts Credit Rating from Junk to Investment Grade). S&P is clearly impressed with the performance of the company. Beginning Oct. 3, one of the stocks listed in the S&P 500 Index is disappearing (merging with another company), freeing up one position. S&P has chosen EQT to fill the slot and become one of the elite 500 stocks in the Index.

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