Fitch: Petrohawk bonds at A

Fitch Ratings said it assigned Petrohawk Energy Corp.'s outstanding bonds a A senior unsecured rating.

At the same time, the agency has affirmed BHP Billiton plc and BHP Billiton Ltd.'s A+ long-term issuer default rating and senior unsecured ratings.

According to Fitch, the one-notch differential between Petrohawk's outstanding bonds and BHP reflects the bonds' unguaranteed, subordinated nature as well as the limited operational integration with BHP's core mining operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.