Moody's ups, pulls Vine Energy

Moody's Investors Service said it upgraded Vine Energy Holdings LLC's senior unsecured notes rating to B1 from B3 following the completion of Chesapeake Energy Corp.'s acquisition of Vine Energy Inc., the parent company of Vine Energy Holdings. Concurrently, Moody's withdrew VEH's B2 corporate family rating and its B2-PD probability of default rating.

Following the consummation of the merger, Chesapeake legally assumed the senior unsecured notes.

“This rating action concludes the review of VEH's ratings initiated on Aug. 11, 2021,” Moody’s said in a press release.

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