Moody’s changes Cenovus view

Moody’s Investors Service changed Cenovus Energy Inc.'s outlook to positive from stable and affirmed the Ba1 corporate family rating, Ba1-PD probability of default rating and Ba1 senior unsecured notes rating.

The speculative grade liquidity rating remains SGL-1.

“The change in outlook reflects the significant amount of debt reduction that Cenovus has and should achieve leading to solid credit metrics,” said Paresh Chari, Moody's analyst, in a news release.

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