26.03.2014 20:49:00
|
EnQuest plc -- Moody's assigns a B1 CFR to EnQuest PLC; outlook stable
London, 26 March 2014 -- Moody's Investors Service has today assigned a corporate family rating (CFR) of B1 and a probability of default rating (PDR) of B1-PD to EnQuest PLC (EnQuest or the company). Concurrently, Moody's has assigned a (P)B3 rating with a loss given default assessment of LGD5 (82%) to the senior notes maturing in 2022 (the Notes) to be issued by the company and guaranteed on a senior subordinated basis by certain of its subsidiaries. The outlook on the ratings is stable. This is the first time Moody's has assigned ratings to the company.