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Published on 3/25/2020 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch corrects Nabors, NEP releases

Fitch Ratings said it made corrections to its recent releases on Nabors Industries and NEP Group Inc.

Fitch said it downgraded Nabors to B- rather than B from BB- as stated in the March 20 release.

In the March 18, NEP/NCP release, Fitch said the correct recovery rating for the senior secured debt should be RR2 from RR6.


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