News Oil & Gas

Moody’s raises ratings for Neptune Energy

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Neptune Energy said that Moody’s Investors Service had upgraded Neptune Energy Group Midco Ltd to Ba2 from Ba3.

The Moody’s also upgraded Neptune Energy Bondco plc’s existing $850 million senior notes due in 2025 to Ba3 from B1.

The oil exploration and development company added that its outlook has changed to stable from positive.

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