Moody's assigns Caa1 to Comstock's new senior notes; B3 CFR unchanged
Rating Action: Moody's assigns Caa1 to Comstock's new senior notes; B3 CFR unchanged. Global Credit Research- 18 Feb 2021. New York, February 18, 2021-- Moody's Investors Service, assigned a Caa1 rating to Comstock Resources, Inc.' s proposed $750 million of senior unsecured notes due 2029. Comstock's other ratings, including the B3 Corporate Family Rating, B3-PD Probability of Default Rating and Caa1 ratings of the existing senior unsecured notes due 2025 and 2026, as well as the...Comstock Resources is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas. The company's oil and gas operations are primarily concentrated in Louisiana, Texas and North Dakota. The company also has operations in other regions, primarily in New Mexico and the Mid-Continent region.
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