EXE · 10-Q · 2026Q1 · Full report

Investment Grade Ratings

EXPAND ENERGY Corp · 2026-04-28 · Importance 10 · Surprise 6

As of the filing, Expand holds investment grade issuer and debt ratings from the major rating agencies: S&P has an issuer-level rating of 'BBB-' (issuer credit rating 'BBB-') with a stable outlook, Fitch has 'BBB-' on the revolver and senior notes with a stable outlook, and Moody’s rates the senior unsecured notes at Baa3 with a stable outlook. Management highlights these ratings in the context of access to capital and the Company's stated liquidity position. The stable outlooks from the three agencies indicate a near‑term view of limited rating pressure, which supports the Company's borrowing capacity and refinancing optionality.

Key facts

• S&P Global Ratings has an issuer-level rating of 'BBB-' on the Company's unsecured debt and an issuer credit rating of 'BBB-' with a stable outlook.
• Fitch Ratings has a credit rating of 'BBB-' on the Company's revolver credit and a rating of 'BBB-' on the Company's senior notes, with a stable outlook.
• Moody's has a rating of Baa3 on the Company's senior unsecured notes, with a stable outlook.