TEXT-S&P rates Range Resources notes

(The following statement was released by the rating agency)

May 11 - Standard & Poor's Ratings Services said today that it assigned its
'BB' issue rating and '3' recovery rating to Range Resources Corp.'s $300
million senior subordinated notes due 2019. The ratings indicate that lenders
can expect meaningful (50% to 70%) recovery in the event of default.

The exploration and production company will use the proceeds to repay
borrowings under its $1.25 billion revolving facility, which had $807 million
outstanding as of March 31, 2009. (For the complete corporate credit rating
rationale, see our summary analysis published Dec. 24, 2008.)
Ratings List
Range Resources Corp.
Corporate credit rating BB/Stable/--
New Rating
$300 million senior subordinated notes due 2019 BB
Recovery rating 3