Moody’s revises EagleClaw to stable

Moody's Investors Service said it changed the outlook of BCP Raptor LLC (EagleClaw Midstream Ventures, LLC) to stable from positive and affirmed its existing credit ratings including the B3 corporate family rating, B3-PD probability of default rating and B3 senior secured term loan rating.

"The change in EagleClaw's outlook was precipitated by the company's underperformance through 2017 in ramping up natural gas volumes through its gathering and processing systems and the consequent lengthened timeframe for deleveraging," Moody's senior analyst Sreedhar Kona said in a news release.

© 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.