Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B' - S&P Global Ratings’ Credit Research

Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B'

Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B' - S&P Global Ratings’ Credit Research
Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B'
Published Jan 13, 2014
Published Jan 13, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. oil and gas exploration and production company Laredo Petroleum Inc. announced plans to issue $350 million of senior unsecured notes. We are assigning a 'B' issue rating and a '5' recovery rating to the proposed notes. We are raising the issue ratings to 'B' from 'B-' on the company's existing $1.05 billion of senior unsecured notes and revising the recovery rating to '5' from '6'. The upgrade reflects the higher value of the company's oil and gas assets, based on its midyear 2013 reserves. The outlook is stable. NEW YORK (Standard&Poor's) Jan. 13, 2014--Standard&Poor's Ratings Services said today it assigned its 'B' issue rating to Tulsa, Oklahoma-based Laredo Petroleum Inc.'s proposed $350 million senior unsecured

  
Report Type:

Ratings Action

Ticker
2842257Z
Issuer
Laredo Petroleum Inc.
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B'" Jan 13, 2014. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Laredo-Petroleum-s-Senior-Unsecured-Notes-Rated-B-Recovery-5-Existing-Notes-Raised-To-B-1240590>
  
APA:
S&P Global Ratings’ Credit Research. (). Laredo Petroleum's Senior Unsecured Notes Rated 'B' (Recovery: '5'); Existing Notes Raised To 'B' Jan 13, 2014. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Laredo-Petroleum-s-Senior-Unsecured-Notes-Rated-B-Recovery-5-Existing-Notes-Raised-To-B-1240590>
  
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