Fitch Ratings late Friday downgraded Chesapeake Energy Corp.’s issuer default rating (IDR) and senior unsecured ratings to “BB-” from “BB,” cut preferred stock ratings to “B” from “B+” and affirmed the senior secured revolving credit facility at “BBB-.” The IDR is a relative measure of default probability.
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Fitch Downgrades DCP Midstream on Price Exposure
Commodity price exposure dinged the rating on DCP Midstream LLC (DCPM) debt as Fitch Ratings downgraded the company’s senior unsecured debt and Issuer Default Rating (IDR) to “BBB” from “BBB+.” However, the ratings outlook was revised to “stable” from “negative.”
July 6, 2009
Fitch Downgrades DCP Midstream on Price Exposure
Commodity price exposure dinged the rating on DCP Midstream LLC (DCPM) debt as Fitch Ratings downgraded the company’s senior unsecured debt and Issuer Default Rating (IDR) to “BBB” from “BBB+.” However, the ratings outlook was revised to “stable” from “negative.”
July 2, 2009
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