Report
EUR 156.64 For Business Accounts Only

Moody's upgrades MEG's 2nd lien notes to B3

Moody's Investors Service (Moody's) upgraded MEG Energy Corp.'s (MEG) US$750 million senior secured second lien notes due 2025 to B3 from Caa1. Moody's also affirmed the B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, Ba3 senior secured term loan and revolver ratings, Caa2...
Underlying
MEG Energy Corp.

MEG Energy is engaged in a steam assisted gravity drainage oil sands development at its 80 section Christina Lake Regional Project. As of Dec 31 2010, Co. had total proved bitumen reserves of 605.9 gross thousand barrels (470.5 net thousand barrels).

Provider
Moody's Investors Service
Moody's Investors Service

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
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    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.



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