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Zenith Energy

Zenith Energy announce B+ credit rating from ARC Ratings

Zenith Energy (LON:ZEN), the international oil & gas production company operating onshore in Azerbaijan, has today announced that ARC Ratings, SA. has confirmed its final public “B+” issuer medium and long-term credit rating, with Positive outlook, assigned to the Company.

ARC Ratings is a European credit rating agency with a 25-year history, registered with the European Securities & Markets Authority (“ESMA“).  The ARC Ratings’ report can be viewed here: https://www.arcratings.com/admin-uk/modulo_news/ficheiros_noticias/20191008231814-120191008zenithenergypren.pdf

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

“We are pleased to have received the confirmation of our B+, with Positive Outlook credit rating obtained last year. Debt financing has proven to be a successful financing solution which we shall be seeking to explore further to support the Company’s development in the near future.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.