Moody's downgrades MEMP's PDR to D-PD on bankruptcy filing

Approximately $1.1 billion of rated debt affected. New York, February 01, 2017-- Moody's Investors Service downgraded Memorial Production Partners LP's Probability of Default Rating to D-PD from Ca-PD/LD, following the company's announcement in January that it has voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. Concurrently, Moody's...