Moody’s eyes Kosmos Energy for downgrade

Moody's Investors Service said it placed Kosmos Energy Ltd.'s ratings under review for downgrade, including its B2 corporate family rating and B3 senior unsecured notes.

The outlook was revised to ratings under review from stable.

“The review of Kosmos Energy's ratings was triggered by the increased credit risks of Ghana, where more than 50% of Kosmos Energy's production is concentrated today,” the agency said in a news release.

Moody's recently downgraded Ghana's long-term ratings to Caa2 from Caa1 and placed its ratings on review for further downgrade.

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