Antero Midstream Partners Investor Presentation Deck
Deleveraging is Driving Ratings Momentum
Corporate Credit Ratings History
Stable Credit Ratings with Consistent
Upgrades from the Beginning of the
Decade Through the Downturn
Corporate Credit Rating
(Moody's/S&P / Fitch)
Baa3/BBB- Investment Grade
Ba1/ BB+
Ba2/BB
Ba3/BB-
B1/B+
B2/B
B3/B-
Caa1 / CCC+/CCC
2010
2011
2012
2013
2014
- Moody's
APPENDIX | TRENDING TOWARDS INVESTMENT GRADE
Investment Grade Rating from Fitch
(BBB-) and Upgrade from S&P (BB+)
Upgrade to BB+
S&P Feb. 2018
- S&P
Stable through
commodity price crash
2015
Investment Grade
Rating: BBB-
Fitch Jan. 2018
-Fitch
2016
Outlook to Positive
Moody's Feb. 2018
2017
Credit Markets Have a Strong Appreciation for Antero Momentum
Fitch Reaffirms
Ratings
Fitch Jan. 2019
2018
Antero
F
2019
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