Form 8-K CALLON PETROLEUM CO For: Sep 09
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S&P Assigns 'B' Rating to Callon Petroleum (CPE); Outlook is Stable
September 13, 2016 2:55 PM EDTS&P Global Ratings assigned its 'B' corporate credit rating to Callon Petroleum Co. (NYSE: CPE). The outlook is stable.
At the same time, we assigned a 'B+' issue-level rating to the company's proposed $350 million senior unsecured notes with a recovery rating of '2', indicating our expectation of substantial (in the upper half of the 70% to 90% range) recovery in the event of a payment default.
The company will use the proposed unsecured notes to... More
