Press Release
DBRS Takes Rating Actions on High-Yield Oil & Gas Portfolio
EnergyRatings
Athabasca Oil Corporation
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B (low) Neg Confirmed CA26-Oct-16 Senior Secured Second-Lien Notes B (low) Neg Confirmed RR4 CAMoreLessCES Energy Solutions Corp.
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B Stb Downgraded, Trend Change CA26-Oct-16 Senior Unsecured Notes B Stb Downgraded, Trend Change RR4 CAMoreLessCona Resources Ltd.
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B (low) Stb Trend Change CA26-Oct-16 Senior Unsecured Notes B (low) Stb Trend Change RR4 CAMoreLessCrew Energy Inc.
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B Stb Trend Change CA26-Oct-16 Senior Unsecured Notes B Stb Trend Change RR4 CAMoreLessSavanna Energy Services Corp.
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B Neg Confirmed CA26-Oct-16 Senior Unsecured Notes B Neg Confirmed RR4 CAMoreLessTrilogy Energy Corporation
Date Issued Debt Rated Rating Trend Action Recovery Rating Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
26-Oct-16 Issuer Rating B (low) Neg Confirmed CA26-Oct-16 Senior Unsecured Notes B (low) Neg Confirmed RR4 CAMoreLess
Athabasca Oil Corporation
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B (low)
- Trend:Neg
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B (low)
- Trend:Neg
- Rating Recovery:RR4
- Issued:CA
CES Energy Solutions Corp.
- Date Issued:Oct 26, 2016
- Rating Action:Downgraded, Trend Change
- Ratings:B
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Downgraded, Trend Change
- Ratings:B
- Trend:Stb
- Rating Recovery:RR4
- Issued:CA
Cona Resources Ltd.
- Date Issued:Oct 26, 2016
- Rating Action:Trend Change
- Ratings:B (low)
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Trend Change
- Ratings:B (low)
- Trend:Stb
- Rating Recovery:RR4
- Issued:CA
Crew Energy Inc.
- Date Issued:Oct 26, 2016
- Rating Action:Trend Change
- Ratings:B
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Trend Change
- Ratings:B
- Trend:Stb
- Rating Recovery:RR4
- Issued:CA
Savanna Energy Services Corp.
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B
- Trend:Neg
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B
- Trend:Neg
- Rating Recovery:RR4
- Issued:CA
Trilogy Energy Corporation
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B (low)
- Trend:Neg
- Rating Recovery:
- Issued:CA
- Date Issued:Oct 26, 2016
- Rating Action:Confirmed
- Ratings:B (low)
- Trend:Neg
- Rating Recovery:RR4
- Issued:CA
- US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.
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Related Documents
Methodology Used:
Other:
- Crew Energy Inc. - DBRS 17g-7 Disclosure Report
- Crew Energy Inc. - DBRS Limited Regulatory Disclosure
- Athabasca Oil Corporation - DBRS 17g-7 Disclosure Report
- Trilogy Energy Corporation - DBRS 17g-7 Disclosure Report
- Savanna Energy Services Corp. - DBRS 17g-7 Disclosure Report
- Athabasca Oil Corporation - DBRS Limited Regulatory Disclosure
- Northern Blizzard Resources Inc. - DBRS 17g-7 Disclosure Report
- Trilogy Energy Corporation - DBRS Limited Regulatory Disclosure
- Savanna Energy Services Corp. - DBRS Limited Regulatory Disclosure
- Northern Blizzard Resources Inc. - DBRS Limited Regulatory Disclosure
- Canadian Energy Services & Technology Corp. - DBRS 17g-7 Disclosure Report
- Canadian Energy Services & Technology Corp. - DBRS Limited Regulatory Disclosure
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Managing Director - Corporate Ratings
+(1) 416 597 7480
victor.vallance@morningstar.com - Ravikanth Rai
Senior Vice President, Sector Lead - Corporate Ratings
+(1) 416 597 7388
ravikanth.rai@morningstar.com - Moritz Steinbauer
Senior Vice President, Sector Lead - Corporate Ratings
+(1) 416 597 7494
moritz.steinbauer@morningstar.com - Jordan Kremblewski
Senior Vice President, Sector Lead - Private Corporate Credit
+(1) 416 597 7356
jordan.kremblewski@morningstar.com
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