Deteriorating conditions in US natural gas markets this year are posing growing credit risk to the industry’s producers and even midstream developers, S&P Global Ratings said Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In an industry outlook webcast, ratings analysts at S&P said that recent supply gains, weaker expected demand growth and lower prices in 2020 are putting new pressures on the gas trade. In the US upstream, low prices have created the biggest risk for individual producers. On Monday, S&P downgraded its credit rating on six of Appalachia’s most prolific shale gas producers. It also adjusted its credit outlook to negative on eight of nine Appalachian producers under its review. “Downgrades were driven primarily by refinancing risk … […]