DBRS Discontinues Ratings on Murphy Oil Corporation and Murphy Oil Company Ltd.

DBRS Limited (DBRS) has today discontinued the Issuer Rating as well as the Senior Unsecured Notes rating of Murphy Oil Corporation. DBRS has also discontinued the Commercial Paper rating of Murphy Oil Company Ltd. The ratings are being discontinued at the request of the two companies. DBRS notes that the discontinuation is unrelated to the credit risk profiles of the two entities.

Notes:
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 methodologies are Rating Companies in the Oil and Gas Industry (September 2015), DBRS Criteria: Guarantees and Other Forms of Explicit Support (February 2015) and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (April 2015), which can be found on our website under Methodologies.