Moody’s rates Nostrum notes B2

Moody's Investors Service said it assigned a B2 rating with a loss given default assessment of LGD4 to the proposed senior notes to be issued by Nostrum Oil & Gas Finance BV.

Concurrently, the agency affirmed Nostrum Oil & Gas plc’s B2 corporate family rating, B2-PD probability of default rating and the B2 senior unsecured ratings assigned to the notes issued by Zhaikmunai LLP and Nostrum Oil & Gas Finance.

The outlook remains negative.

"The B2 rating assigned to the notes is the same as Nostrum's corporate family rating because the notes will rank on par with the company's other outstanding unsecured debt," Denis Perevezentsev, Moody's vice president, senior credit officer and lead analyst for Nostrum, said in a news release.

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