Moody’s changes Hilcorp Energy view

Moody's Investors Service said it changed Hilcorp Energy I, LP's outlook to positive from stable, and affirmed its Ba2 corporate family rating, Ba2-PD probability of default rating and Ba3 senior unsecured notes ratings.

“The change in outlook to positive reflects Hilcorp's continued execution of its strategy of value creation, reduced debt, and improved metrics after the debt funded acquisition of BP blc's Alaskan assets in June 2020," Arvinder Saluja, Moody's vice president, said in a news release.

© 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.