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Bonanza Creek Energy (BCEI) Will Skip Interest Payment on 2021 Notes

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S&P Downgrades Bonanza Creek Energy (BCEI) to 'D' Following Missed Interest Payment

October 17, 2016 11:28 AM EDT

S&P Global Ratings lowered its corporate credit rating on Bonanza Creek Energy Inc. (NYSE: BCEI) to 'D' from 'CC'.

At the same time, we lowered our issue-level ratings on the company's senior unsecured notes to 'D' from 'CC'. The recovery... More