Moody's: Swift Energy notes B3

Moody's Investors Service said it assigned a B3 rating to Swift Energy Co.'s proposed offering of $150 million senior unsecured notes due 2022.

The B2 corporate family rating and positive outlook are not affected by this action.

"The notes offering will provide further liquidity to Swift's investment in the growth of its production and proved reserves while maintaining a modestly levered financial profile," Moody's vice president Andrew Brooks said in a news release.

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