S&P gives B- to Rex Energy notes

Standard & Poor’s said it assigned its B- issue-level rating (one notch lower than the corporate credit rating) and 5 recovery rating to Rex Energy Corp.’s proposed $250 million unsecured notes due 2022. The 5 recovery rating indicates an expectation of modest (10% to 30%) recovery in the event of a payment default.

The ratings on Rex Energy reflect S&P’s view of the company’s “vulnerable” business risk, “aggressive” financial risk and “adequate” liquidity.

© 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.