S&P rates Afren notes B+

Standard & Poor's said it assigned its B+ issue rating to Afren plc's proposed secured notes due 2020. The issue rating is in line with the B+ long-term corporate credit rating on Afren and the B+ issue rating on Afren's $800 million existing senior secured bonds.

S&P said it anticipates that total debt will only increase incrementally, by the amount of any fees and buy-back premium.

© 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.