Moody’s puts Hilcorp on review for downgrade

Moody's Investors Service said it placed ratings for Hilcorp Energy I, LP under review after the company reported two subsidiaries entered an agreement to acquire BP plc’s Alaska assets.

The purchase price is $5.6 billion, and Hilcorp is reviewing financing options.

Ratings placed under review include the Ba1 corporate family, the Ba1-PD probability of default and the Ba2 senior unsecured notes rating.

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