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| Prospect News home > News index > List of issuers L > Headlines for Laredo Petroleum, Inc. > News item |
S&P ups Laredo Petroleum notes to B from B-
S&P said it raised its issue-level rating on Laredo Petroleum Inc.'s senior unsecured notes to B from B- and revised the recovery rating to 4 from 5. The 4 recovery rating indicates an expectation of average (30%-50%; lower half of the range) recovery for creditors in the event of a payment default.
On Oct. 24, the lenders reaffirmed the $815 million borrowing base and commitment on Laredo's reserve-based loan facility.
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