Crew Energy Inc.: Rating Report
On April 12, 2022, DBRS Limited (DBRS Morningstar) upgraded the ratings of Crew Energy Inc. (the Company), and the Recovery Rating on the Senior Unsecured Notes remains at RR4. All trends remain Positive. The upgrades are due to the material improvement in the Company's credit metrics resulting primarily from stronger commodity prices and higher production volumes. The Positive trends reflect the probability that the Company's credit metrics are likely to strengthen further, leading to another positive rating action.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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