DBRS Finalizes Ratings of Northern Blizzard Resources Inc. at B (low), Stable Trends

DBRS has today finalized its provisional Issuer Rating of B (low) on Northern Blizzard Resources Inc. (the Company) as well as its provisional rating on the Company’s $425 million 7.25% Senior Unsecured Notes due February 1, 2022 (with a recovery rating of RR4), both with Stable trends. DBRS assigned the provisional ratings on January 20, 2014. (See related press release.)

Notes:
All figures are in U.S. dollars unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Companies in the Oil and Gas Industry, which can be found on our website under Methodologies.