Moody’s cuts, to withdraw Denver Parent

Moody's Investors Service said it downgraded Denver Parent Corp.’s probability of default rating to D-PD from Ca-PD following the company's announcement that it filed voluntary, pre-arranged petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on March 18.

Venoco, Inc., the principal operating subsidiary of Denver Parent, is also included in the Chapter 11 filing.

Moody's will withdraw all ratings for Denver Parent and Venoco in the near future.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.