Moody's withdraws Approach Resources' ratings
Rating Action: Moody's withdraws Approach Resources' ratings. Global Credit Research- 18 Oct 2017. New York, October 18, 2017-- Moody's Investors Service, has withdrawn all of Approach Resources Inc's ratings and its stable outlook.Approach Resources is a holding company. Through its subsidiaries, the company is an independent energy company focused on the exploration, development, production and acquisition of unconventional oil and gas properties. The company focuses on finding and developing oil and natural gas reserves in oil shale and tight gas sands. The company's properties are primarily located in the Permian Basin in West Texas. The company also owns interests in the East Texas Basin.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.