Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for EXCO Resources, Inc. > News item |
S&P rates new Exco notes B
Standard & Poor's said it assigned its B+ corporate credit rating to exploration and production company Exco Resources Inc. and assigned its B senior unsecured debt rating to Exco's proposed $300 million senior unsecured notes due 2011.
The outlook is stable.
S&P said the ratings on Exco reflect its aggressive debt leverage, high cost structure, and acquisitive growth strategy. These factors are offset by high drilling success rates, a significant hedging program to help ensure profitability, and a long reserve life.
© 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.