Moody's could lift Unit Corp.

Moody's Investors Service said it placed Unit Corp.'s B1 corporate family rating, B1 probability of default rating and B3 senior subordinated note rating on review for possible upgrade.

Moody's said Unit's three-way exposure to the oil and gas industry through its upstream, drilling and midstream segments will enhance its credit profile over the next several years. The company's rapidly growing oil and NGL production should produce strong operating cash flows and further strengthen its leverage metrics and liquidity through 2013.

© 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.