Moody's downgrades Lonestar Resources' PDR to D-PD on bankruptcy filing
Rating Action: Moody's downgrades Lonestar Resources' PDR to D-PD on bankruptcy filing. Global Credit Research- 01 Oct 2020. New York, October 01, 2020-- Moody's Investors Service, downgraded Lonestar Resources America Inc.' s Probability of Default Rating to D-PD from Ca-PD.Lonestar Resources US is an independent oil and natural gas exploration and production company focused on the exploration, development and production of unconventional oil, natural gas liquids and natural gas in the Eagle Ford Shale (the Eagle Ford) in South Texas. The company's primary operational focus is on its Eagle Ford position in Texas counties, and its properties in the Eagle Ford are divided into the following distinct regions: the Western Eagle Ford (comprised of Dimmit, La Salle and Frio Counties), Central Eagle Ford (comprised of Gonzales, Karnes, Fayette, Wilson, DeWitt and Lavaca Counties) and Eastern Eagle Ford (comprised of Brazos and Robertson Counties).
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