Seventy Seven Energy Inc. Enters into Restructuring Support Agreement
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S&P Downgrades Seventy Seven Energy (SSE) to 'CC'; Outlook Negative
April 20, 2016 7:54 AM EDTStandard & Poor's Ratings Services lowered its corporate credit rating on Seventy Seven Energy Inc. (NYSE: SSE) to 'CC' from 'CCC-'. The outlook is negative.
At the same time, we lowered our issue-level ratings on the company's secured term loan to 'CCC' from 'CCC+' and unsecured notes to 'CC' from 'CCC-'. The rating on the structurally subordinated... More
