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Permian Resources Upgraded to Investment Grade by S&P Global Ratings

BY MT Newswires | CORPORATE | 01:58 PM EDT

01:58 PM EDT, 03/17/2026 (MT Newswires) -- Permian Resources (PR) on Tuesday received a credit rating upgrade from S&P Global Ratings, which raised its issuer credit rating from BB+ to BBB- and its unsecured debt rating from BB+ to BBB-.

The credit rating firm said the stable outlook reflects expectations that Permian Resources (PR) will keep improving by reducing debt, maintaining conservative financial policies, and growing production in line with higher-rated peers, though the firm said the company is less geographically diverse than some peers due to its concentration in the Delaware sub-basin of the Permian basin.

S&P added that it expects the company's funds from operations to debt ratio to remain well above 60% over the next two years.

With investment grade ratings by both S&P Global and Fitch Ratings, Permian Resources (PR) said in a statement that it expects lower interest expense, improved liquidity, and other benefits. Fitch gave the company its initial investment grade rating of BBB- with a stable outlook in July 2025.

Shares of Permian Resources (PR) rose past 2% in the session.

Price: 19.52, Change: +0.45, Percent Change: +2.33

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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