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Black Elk Energy Offshore Operations LLC Outlook Revised To Stable From Negative On Stable Operating Performance Sep 11
Standard & Poors, Sep 2011
Abstract
Black Elk Energy Offshore Operations LLC has maintained stable operating performance and adequate liquidity over the first half of 2011, which we expect will continue in the near term. We are affirming our 'B-' corporate credit rating on Houston-based Black Elk Energy and leaving its 'B-' senior secured debt rating unchanged, pending receipt of additional information. We are revising our outlook on the oil and gas company to stable from negative, reflecting our view that Black Elk will maintain key credit measures in line with the rating and adequate liquidity. NEW YORK (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on Black Elk Energy Offshore Operations LLC to stable from negative....
Companies mentioned in this report are: Black Elk Energy Offshore Operations LLC,Black Elk Energy Finance Corp.
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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