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Moody's upgrades Comstock Resources outlook from stable to positive

Investing.com · ·by G4L

CRK
CRK Comstock Resources Inc
$15.07 -0.40%
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  1. 1Moody's has upgraded the outlook for Comstock Resources Inc from stable to positive.
  2. 2The $1.65 billion asset sale is expected to nearly halve financial leverage.
  3. 3Comstock's cumulative free cash flow deficit since 2023 amounts to approximately $2.8 billion.

So what's the key point?

Moody's gave a positive outlook for Comstock Resources Inc. The company is expected to improve its situation by selling assets to reduce debt by nearly half.

Source Investing.com · View original ↗

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