LINN Energy (LINE) Posts Q4 GAAP loss of $7.05/Share; Will Evaluate Alternatives
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S&P Cut LINN Energy (LINE) to 'D' Following Missed Interest Payment
March 15, 2016 2:09 PM EDTStandard & Poor's Ratings Services today lowered its corporate credit ratings on oil and gas exploration and production company LINN Energy (Nasdaq: LINE) and its subsidiary Berry Petroleum Co. LLC to 'D' from 'CCC'.
We lowered the issue-level rating on the company's second-lien debt to 'D' from 'CCC-' and removed the rating from CreditWatch, where we placed it with negative... More
