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01.07.2016 17:53:00
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Triangle USA Petroleum Corporation -- Moody's downgrades Triangle USA Petroleum's PDR to D-PD on bankruptcy filing
New York, July 01, 2016 -- Moody's Investors Service, ("Moody's") downgraded Triangle USA Petroleum Corporation's (TUSA) Probability of Default Rating (PDR) to D-PD from Caa2-PD, following the company's announcement that it has filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Concurrently, Moody's downgraded TUSA's Corporate Family Rating (CFR) to Ca from Caa2 and its senior unsecured notes rating to C from Caa3. The outlook remains negative.
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