Fitch rates ContourGlobal B+, loan BB+, notes BB-

Fitch Ratings said it assigned a B+ long-term issuer default rating to ContourGlobal LP.

The outlook is stable.

Simultaneously, the agency assigned BB+/RR1 rating to ContourGlobal Power Holdings SA's $30 million super senior revolver due 2018 and BB-/RR3 to its $400 million senior secured notes due 2019.

ContourGlobal Power is a financing subsidiary of ContourGlobal and the ratings of its debt obligations primarily benefit from a guarantee from ContourGlobal.

The individual security ratings at ContourGlobal are notched based on a recovery model that reflects the issuer default rating and the priority ranking of the debt obligations in a hypothetical default scenario.

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