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28.07.2016 19:54:00
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Atlas Resource Escrow Corporation -- Moody's downgrades Atlas' PDR to D-PD on Chapter 11 Filing
New York, July 28, 2016 -- Moody's Investors Service, ("Moody's") downgraded Atlas Energy Holdings Operating Company, LLC's (Atlas) Probability of Default Rating (PDR) to D-PD from Ca-PD, following the company's announcement that it has filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code. At the same time, Moody's affirmed its Ca Corporate Family Rating and its C senior unsecured notes rating, while also affirming its SGL-4 Speculative Grade Liquidity Rating. The outlook remains negative.
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