Moody's sinks Whiting Petroleum

Moody's Investors Service said it downgraded Whiting Petroleum Corp.'s probability of default rating to D-PD from Caa1-PD, its corporate family rating to Ca from Caa1 and its senior unsecured notes to C from Caa2. Whiting's speculative grade liquidity rating is unchanged at SGL-4, and its outlook is negative.

The downgrades follow Whiting's Wednesday voluntary filing for relief under Chapter 11 of the bankruptcy code in the U. S.Bankruptcy Court for the Southern District of Texas.

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