GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable - S&P Global Ratings’ Credit Research

GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable

GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable - S&P Global Ratings’ Credit Research
GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable
Published Feb 01, 2018
4 pages (1323 words) — Published Feb 01, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Canada-based oil and natural gas exploration and production company GranTierra Energy Inc. is planning to issue $300 million in senior unsecured notes. We are assigning our 'B+' long-term corporate credit rating and our issue-level rating on the company and on its proposed $300 million senior unsecured notes due 2025. The stable outlook reflects our view that the company will likely increase oil production and reserves due to its recently acquired fields. It also reflects our expectation that the company's leverage will remain below 2x and that it will maintain its strong liquidity in the next 12-18 months. MEXICO CITY (S&P Global Ratings) Feb. 1, 2018--S&P Global Ratings assigned its 'B+' long-term corporate credit ratingto GranTierra Energy Ltd. The outlook is

  
Brief Excerpt:

...+ Canada-based oil and natural gas exploration and production company GranTierra Energy Inc. is planning to issue $300 million in senior unsecured notes. + We are assigning our 'B+' long-term corporate credit rating and our issue-level rating on the company and on its proposed $300 million senior unsecured notes due 2025. + The stable outlook reflects our view that the company will likely increase oil production and reserves due to its recently acquired fields. It also reflects our expectation that the company's leverage will remain below 2x and that it will maintain its strong liquidity in the next 12-18 months. MEXICO CITY (S&P Global Ratings) Feb. 1, 2018--S&P Global Ratings assigned its 'B+' long-term corporate credit ratingto GranTierra Energy Ltd. The outlook is stable. At the same time, we assigned our 'B+' issue-level rating on the proposed $300 million senior unsecured notes due 2025, to be issued by Gran Tierra Energy International Holdings Ltd (GTEIH). The ratings on GranTierra...

  
Report Type:

Ratings Action

Ticker
GTE
Issuer
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable" Feb 01, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/GranTierra-Energy-Inc-Assigned-B-Corporate-Credit-And-Issue-Level-Ratings-Outlook-Stable-1988973>
  
APA:
S&P Global Ratings’ Credit Research. (). GranTierra Energy Inc. Assigned 'B+' Corporate Credit And Issue-Level Ratings; Outlook Stable Feb 01, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/GranTierra-Energy-Inc-Assigned-B-Corporate-Credit-And-Issue-Level-Ratings-Outlook-Stable-1988973>
  
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