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Moody’s trims Bruin E&P’s notes
Moody’s Investors Service said it downgraded Bruin E&P Partners, LLC’s senior notes rating to Caa1 from B3. Moody’s affirmed Bruin E&P’s B2 corporate family rating and B2-PD probability of default rating.
“The downgrade of Bruin E&P’s unsecured notes reflects an increase of $100 million in the company’s secured revolver,” said Paresh Chari, a Moody’s analyst, in a news release.
The outlook remains stable.
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