Moody’s changes Indigo Natural Resources view

Moody's Investors Service said it affirmed Indigo Natural Resources LLC's corporate family rating at B2 and its probability of default rating at B2-PD.

Concurrently, Moody's affirmed the rating of Indigo's senior unsecured notes due 2026 at B3.

The outlook was changed to positive from stable.

The agency said the positive outlook for Indigo reflects an expectation of further improvement in credit metrics through 2020 as the company grows production while maintaining adequate liquidity and moving toward positive free cash flow by the first half of 2020.

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