| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Continental Resources, Inc. > News item |
S&P gives BBB- to Continental Resources notes
Standard & Poor's said it assigned its BBB- issue-level ratings to Continental Resources Inc.'s proposed issuance of senior unsecured notes due 2024 and senior unsecured notes due 2044.
The company intends to use the proceeds to redeem its $300 million senior unsecured notes due 2019, to repay amounts outstanding on its revolving credit facility and for general corporate purposes.
The ratings on Continental reflect S&P's assessment of the company's "satisfactory" business risk and "intermediate" financial risk.
© 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.