Penn Virginia Corporation -- Moody's downgrades Penn Virginia Corporation's probability of default rating to D-PD on bankruptcy filing

New York, May 13, 2016 -- Moody's Investors Service, ("Moody's") downgraded Penn Virginia Corporation's (PVA) Probability of Default Rating (PDR) to D-PD from Caa3-PD following the company's filing voluntary petitions in United States Bankruptcy Court for the Eastern District of Virginia, Richmond Division, seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code. Moody's also downgraded PVA's Corporate Family Rating (CFR) to Ca from Caa3, and the senior unsecured notes to C from Ca. The Speculative Grade Liquidity Rating was affirmed at SGL-4, and the outlook remains negative.

Vollständigen Artikel bei Moodys lesen