A credit rating label assigned to bonds or borrowers that signals relatively low risk of default; think of it as a strong health check for a company's or government's ability to repay debt. It matters to investors because investment-grade status typically means lower interest costs for the borrower, greater eligibility for conservative funds and pension portfolios, and generally more stable returns compared with higher-risk, non-investment-grade debt.
issuer credit ratingsfinancial
An issuer credit rating is an independent score assigned by a ratings firm that gauges how likely a company or government is to pay its debts on time. Think of it as a credit score for an organization: higher ratings mean lower perceived risk and usually cheaper borrowing costs, while lower ratings signal greater risk and can raise interest rates, affect bond prices and shape investor decisions.
free cash flowfinancial
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
liquidityfinancial
Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.
MIDLAND, Texas--(BUSINESS WIRE)--
Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it is now rated investment grade by both S&P Global Ratings (“S&P”) and Fitch Ratings (“Fitch”), following today's upgrade from S&P and the Company's initial investment grade rating from Fitch in July 2025.
On March 17, 2026, S&P upgraded Permian Resources’ corporate and issuer credit ratings to BBB- from BB+ with a stable outlook. This follows the Company’s initial investment grade credit rating from Fitch, which upgraded the Company to BBB- with a stable outlook in July 2025. With investment grade ratings from both S&P and Fitch, Permian Resources expects reduced interest expense and improved liquidity, among other benefits.
“We appreciate Fitch and S&P’s acknowledgment of the strength of our business and our balance sheet,” said James Walter, Co-CEO of Permian Resources. “Over the past ten years, we have run our business with an investment grade mindset, pairing high-quality assets with a fortress balance sheet to create outsized shareholder value through commodity cycles. Achieving investment grade status further enhances our ability to continue our track record of driving free cash flow and shareholder returns going forward.”
About Permian Resources
Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on delivering peer-leading returns through its low-cost leadership, proven acquisition strategy and high-quality asset base in the core of the Delaware Basin. With approximately 500,000 net acres across West Texas and Southeast New Mexico and over 400,000 Boe/d of total production, Permian Resources is the second largest Permian Basin pure-play E&P. For more information, please visit www.permianres.com.
