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Published on 4/2/2020 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Moody's drops Sheridan I to D-PD

Moody's Investors Service said it downgraded the probability of default ratings for Sheridan Investment Partners I, LLC, Sheridan Production Partners I-A, LP and Sheridan Production Partners I-M, LP to D-PD from Ca-PD, and affirmed the Ca corporate family rating. The outlooks remain negative. These actions follow Sheridan entering bankruptcy under Chapter 11.

The agency plans to withdraw the ratings.


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