Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sheridan Production Partners I-A, LP > News item |
Moody's rates Sheridan B2
Moody's Investors Service said it assigned a first-time B2 corporate family rating to each of Sheridan Investment Partners I, LLC, Sheridan Production Partners I-A, LP, and Sheridan Production Partners I-M, LP. The probability of default rating is B3.
The outlook is stable.
Moody's also said it assigned Sheridan Investment Partners a senior secured debt rating of B2 with a loss given default of LGD 3, 34%. Sheridan Production Partners I-A was assigned a senior secured debt rating of B2 with a loss given default of LGD 3, 34%. Sheridan Production Partners I-M was assigned a senior secured debt rating of B2 with a loss given default of LGD3, 31%.
The ratings reflect Sheridan's low risk reserve base and strong credit metrics relative to its peer companies, Moody's said.
The ratings also consider its short operating history, limited reserve growth potential and its complex organizational structure, the agency said.
© 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.