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Prospect News home > News index > List of issuers S > Headlines for Sable Permian Resources Finance LLC > News item
Published on 4/8/2020 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P drops Sable Permian to D

S&P said it downgraded Sable Permian Resources Finance LLC to D from CCC+ and lowered all the ratings on the company’s debt to D.

The agency said it lowered the rating after Sable missed its April 1 interest payment on its 2024 notes.

S&P said it doesn’t believe Sable will make the payment by the end of the 30-day grace period.


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