New York, May 17, 2016 -- Moody's Investors Service (Moody's) downgraded EP Energy LLC's (EPE) Corporate Family Rating (CFR) to Caa1 from B3 and Probability of Default Rating (PDR) to Caa1-PD/LD from B3-PD. The ratings on the secured term loans were downgraded to B3 from B2 and the senior unsecured notes were downgraded to Caa2 from Caa1. The Speculative Grade Liquidity Rating was raised to SGL-3 from SGL-4. The ratings outlook remains negative.
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