Moody's Assigns B1 CFR to Secure Energy Services
Rating Action: Moody's Assigns B1 CFR to Secure Energy Services. Global Credit Research- 04 Oct 2021. Toronto, October 04, 2021-- Moody's Investors Service has assigned first-time ratings to Secure Energy Services Inc., including a B1 corporate family rating, a B1-PD probability of default rating, a B1 rating to the company's US $500 million second lien notes, a B3 rating to the company's C $340 million unsecured notes, and an SGL-2 speculative grade liquidity rating.Secure Energy Services is an energy services company that focuses on providing specialized services to oil and natural gas companies operating in the Western Canadian Sedimentary Basin. The services provided by Co. include clean oil terminalling, custom treating of crude oil, crude oil marketing, produced and waste water disposal, oilfield waste processing, landfill disposal and the purchase and resale of crude oil. Co. also provides a range of these services in each of its operating facilities throughout Alberta and British Columbia. Co. operates three types of facilities: full service terminals, stand alone water disposal facilities and class I and II landfills.
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.