S&P Downgrades Swift Energy (SFY) to 'D' Amid Missed Interest Payment
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Wells Fargo Downgrades Swift Energy (SFY) to Underperform
December 2, 2015 7:15 AM ESTWells Fargo downgraded Swift Energy (NYSE: SFY) from Market Perform to Underperform.
For an analyst ratings summary and ratings history on Swift Energy click here. For more ratings news on Swift Energy click here.
Shares of Swift Energy closed at $0.38 yesterday.
... MoreSwift Energy (SFY) Won't Make Interest Payment on Notes; Will Not be Event of Default
December 1, 2015 4:33 PM ESTSwift Energy (NYSE: SFY) announced that, although it has current liquidity sufficient to make the $8.9 million semi-annual interest payment due December 1, 2015, on its outstanding $250 million principal amount of 7.125% Senior Notes due 2017 (the Notes), it has elected not to do so. Non-payment of this interest is not an event of default under the indenture governing the Notes, but would become an event of default if the payment is not made... More
