DBRS Discontinues All Ratings of Cona Resources Ltd.

DBRS Limited (DBRS) discontinued all ratings of Cona Resources Ltd. (Cona or the Company). The rating discontinuance of the Senior Unsecured Notes (the Notes) is due to the final repayment of the Notes on August 31, 2017. Concurrently, the Issuer Rating has been discontinued at the request of the Company. The discontinuance of the Company’s ratings is not an expression of the credit quality of the issuer nor the credit quality of the Notes.

Notes:
All figures are in Canadian 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.

The principal methodologies are Rating Companies in the Oil & Gas and Oilfield Services Industries (August 2017) and DBRS Criteria: Recovery Ratings for Non-Investment Grade Corporate Issuers (February 2017), which can be found on dbrs.com under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.