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S&P rates Schahin notes BB+
Standard & Poor's said it assigned its BB+ corporate credit rating on Schahin Oil & Gas Ltd.
S&P also assigned its BB+ rating on the company's proposed seven-year note of up to $685 million.
The outlook is stable.
S&P said the ratings on Schahin O&G reflect its "satisfactory" business risk profile and "significant" financial risk profile, as its criteria define these terms.
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