Moody's rates Hilcorp notes B3

Moody's Investors Service said it has affirmed Hilcorp Energy I, LP's B2 corporate family rating and assigned a B3 rating to its pending $200 million of senior unsecured notes.

The outlook is stable.

While the B2 corporate family rating mostly reflects credit factors within the direct issuer Hilcorp I, which has a substantial 119.5 mmboe diversified pro forma reserve base, the ratings also reflect the broader financial structure and strategy pursued within the Hilcorp Energy family of affiliates, the agency said.

The ratings are supported by seasoned management and ownership and proven access to a supportive stream of acquisition deal flow, Moody's added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.