Fitch rates Endeavor Energy loan BBB-, notes BB+

Fitch Ratings said it assigned a long-term issuer default rating of BB to Endeavor Energy Resources, LP.

Fitch also assigned a BBB-/RR1 rating to Endeavor's senior secured bank credit facility and a BB+/RR2 rating to the company's unsecured notes.

The outlook is positive.

“Endeavor's ratings are driven by the company's high-quality asset position in the Permian basin, oil-oriented production growth, and conservative capital structure,” the agency said in a news release.

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