Moody’s reviews Seven Generations

Moody's Investors Service said it placed Seven Generations Energy Ltd.'s (7G) Ba3 corporate family rating, Ba3-PD probability of default rating and B1 senior unsecured notes rating under review for possible upgrade following the announcement of an agreement to buy a significant portion of Paramount Resources Ltd.'s (Caa2) Montney acreage.

"The acquisition of the Montney assets from Paramount will significantly increase 7G's production and reserves, while only modestly increasing its leverage," Moody's assistant vice president, analyst Paresh Chari said in a news release.

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