We recently lowered our Henry Hub natural gas price assumptions through 2021 and expect natural gas liquids prices to be poor over that period. As a result, we believe that credit metrics at Range Resources Corp. will be weaker than we previously expected. We are lowering our issuer credit rating and our unsecured issue-level ratings on Range Resources Corp. to 'BB' from 'BB+' The negative outlook reflects our expectation that the company's credit measures will be weak through 2020 due to low gas and NGL prices. The downgrade takes into account worse-than-expected financial measures due to the decline in Henry Hub natural gas prices, the recent decrease to our gas price assumptions, and low natural gas liquids (NGL) prices. Furthermore,
