DBRS confirms Vermilion Energy

DBRS said it confirmed the issuer and unsecured notes ratings of Vermilion Energy Inc. at BB (low), with a recovery rating of RR3, with a stable trend.

The confirmations are based on results and corporate developments in the six months ended June 30, according to the agency.

Vermilion has benefited from favorable commodity pricing, despite a decline in crude prices in the second quarter, the agency said.

The company's rating is limited by its relatively small scale of operations, the agency noted.

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