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Prospect News home > News index > List of issuers E > Headlines for Ensign Drilling Inc. > News item
Published on 4/17/2020 in the Prospect News Canadian Bonds Daily and Prospect News High Yield Daily.

S&P trims Ensign Drilling

S&P said it lowered its ratings for Ensign Drilling Inc. and its unsecured debt to CCC+ from BB-.

“We expect Canada-based Ensign Drilling Inc.'s credit metrics to weaken materially due to significant cuts in capital budgets by exploration and production (E&P) companies, driven by the substantial drop in crude oil prices,” said S&P in a press release.

The outlook is negative.


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