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Enerflex Ltd.: Update following upgrade to Ba3

Our credit view of this issuer reflects its conservative financial policy with a focus on deleveraging in the near-term.

Moody's Ratings upgrades Enerflex's CFR to Ba3; outlook stable

Moody's Ratings (Moody's) upgraded Enerflex Ltd.'s (Enerflex) corporate family rating (CFR) to Ba3 from B1, the probability of default rating to Ba3-PD from B1-PD and the senior secured notes rating to B1 from B2. The Speculative Grade Liquidity Rating (SGL) was changed to SGL-2 from SGL-3. The outl...

Enerflex Ltd.: Update following ratings affirmation

Our credit view of this issuer reflects its conservative financial policy with a focus on deleveraging in the near-term, against its recent turnover at CFO level.

Moody's affirms Enerflex's B1 CFR; outlook positive

Moody's Investors Service (Moody's) affirmed Enerflex Ltd.'s (Enerflex) B1 corporate family rating (CFR), B1-PD probability of default rating (PDR) and B2 senior secured notes rating. The speculative grade liquidity (SGL) rating remains unchanged at SGL-3. The positive outlook was maintained. "The...

Enerflex Ltd.: Update - backlog supports steady cash flow to underpin ...

Our credit view of this issuer reflects its conservative financial policy and recurring revenue streams, constrained by negative free cash flow and exposure to industry cyclicality

Enerflex Ltd.: Covenant Quality Post-Sale Snapshot: $625m 9.000% Senio...

Enerflex Ltd.'s covenant package provides upper-tier moderate protection, reflecting a CQ score of 2.75.

Enerflex Ltd.: New issuer providing midstream services and infrastruct...

Our credit view of this issuer reflects its conservative financial policy and capacity for deleveraging, constrained by its execution risks associated with the integration of Exterran.

Moody's assigns B1 CFR and B2 secured note ratings to Enerflex; outloo...

Moody's Investors Service ("Moody's") assigned a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to the proposed $625 million first lien last out secured notes due 2027 and a speculative grade liquidity rating of SGL-3 to Enerflex Ltd. (Enerflex). The outlook is po...

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