Moody’s alters Hunt Peru view to stable

Moody’s Investors Service said it changed the outlook to stable from negative and affirmed Hunt Oil Co. of Peru LLC’s Ba2 corporate family and senior unsecured ratings.

“The change in Hunt Peru’s outlook to stable from negative reflects the solid revenue and cash flow recovery from the impact of the Covid-19 outbreak in 2020. Moody’s expects that the company’s operational and financial metrics will correspond to those of a Ba2-rated exploration and production company over the next 12-18 months,” the agency said in a press release.

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