CHK

Chesapeake Energy Corporation

0.4975
USD
-2.93%
0.4975
USD
-2.93%
0.4288 3.5700
52 weeks
52 weeks

Mkt Cap 782.09M

Shares Out 1.63B

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WildHorse Resource Development Corporation — Moody's changes Chesapeake Energy's Probability of Default Rating to Caa1-PD/LD on distressed exchange

Moody's Investors Service (Moody's) affirmed Chesapeake Energy Corporation's (Chesapeake) Probability of Default Rating (PDR) at Caa1-PD and appended the rating with a "/LD" designation. Additionally, Moody's upgraded the company's Speculative Grade Liquidity (SGL) Rating to SGL-3 from SGL-4. At the same time, Moody's withdrew Brazos Valley Longhorn, L.L.C.'s (Brazos Valley) Caa1 Corporate Family Rating (CFR) and the Caa2 senior unsecured notes rating of Brazos Valley's predecessor entity, WildHorse Resource Development Corporation (WildHorse).


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