Zenith Energy Ltd Credit Rating Upgrade
02 Noviembre 2021 - 06:25AM
RNS Non-Regulatory
TIDMZEN
Zenith Energy Ltd
02 November 2021
November 2, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Credit Rating Upgrade
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), a company focused on building a production and development
portfolio in Africa, is pleased to announce that Rating-Agentur
Expert RA ("RAEX") has upgraded its debt issuer credit rating to
'B' with 'Stable Outlook'.
The RAEX report can be viewed here:
https://raexpert.eu/reports/Press_release_Zenith_Energy_Ltd_01.11.2021.pdf
RAEX is an independent European Credit Rating Agency with more
than 20 years of experience in the rating industry. It is
registered with the European Securities and Markets Authority
("ESMA") and received ECAI status (External Credit Assessment
Institution) in 2015.
Luca Benedetto, Chief Financial Officer and an Executive
Director of Zenith, commented:
"We are pleased to receive an upgraded credit rating that
reflects the positive work we have been doing in terms of
strengthening our balance sheet and enriching our portfolio, as
well as being a product of the favourable economics of our energy
production operations due to the current high pricing climate. It
is our intention to further improve our ratings as we deliver on
our development objectives.
Our credit ratings are an important characteristic that will
enable Zenith to utilise its debt instruments to a greater degree
to fund its ambitious asset acquisition and development programme
in Africa."
Further Information:
Zenith Energy Ltd Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser & Broker
Nick Harriss
Nick Athanas
------------------------------
Celicourt Communications (Financial Tel: +44 (0) 208 434 2643
PR) E: zenithenergy@celicourt.uk
Mark Antelme
Jimmy Lea
------------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly
complete value-accretive hydrocarbon production opportunities in
the oil & gas sector, specifically in Africa.
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END
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