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Prospect News home > News index > List of issuers E > Headlines for EnVen Energy Corp. > News item |
S&P trims EnVen Energy
S&P said it downgraded EnVen Energy Corp. to B- from B and lowered the rating on its senior unsecured debt to B+ from BB-.
“Our negative ratings outlook on EnVen reflects weak commodity prices and capital markets outlook, which could further pressure the company's liquidity ratios. We project FFO to debt to be approximately 20% in 2020,” said S&P in a press release.
The outlook is negative.
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