17.11.2015 15:54:00
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Zhaikmunai LLP -- Moody's changes Nostrum's outlook to negative; affirms ratings
London, 17 November 2015 -- Moody's Investors Service, (Moody's) has today changed to negative from stable, the outlook on all ratings of Nostrum Oil & Gas Plc (Nostrum). At the same time, the rating agency affirmed the B2 corporate family rating (CFR) of Nostrum and the B2 senior unsecured rating of Zhaikmunai LLP, a wholly owned subsidiary of Nostrum, the issuer of senior unsecured $400 million and $560 million notes, jointly and severally guaranteed by its parent, Nostrum, and all of its subsidiaries. Nostrum's probability of default rating (PDR) is affirmed at B2-PD.