Moody's places Callon's ratings on review for upgrade
Moody's Investors Service (Moody's) placed Callon Petroleum Company's (Callon) ratings on review for upgrade, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B2 senior unsecured notes rating. Previously, the outlook was stable. The SGL-2 Speculative Grad...Callon Petroleum is an independent oil and natural gas company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico and is comprised of three primary sub-basins: the Midland Basin, the Delaware Basin, and the Central Basin Platform.
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