New York, September 28, 2015 -- Moody's Investors Service downgraded Goodrich Petroleum Corporation's (Goodrich) Corporate Family Rating (CFR) to Caa3 from Caa1 and revised the Probability of Default Rating (PDR) to Caa3-PD/LD from Caa1-PD. Moody's also downgraded Goodrich's senior unsecured notes to Ca from Caa2, and preferred debt to C from Caa3. Speculative Grade Liquidity Rating was changed to SGL-4 from SGL-3. The rating outlook remains negative.
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