Form 8-K STONE ENERGY CORP For: Jun 13
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S&P Upgrades Stone Energy (SGY) to 'CCC-'; Outlook Negative
June 14, 2016 3:17 PM EDTS&P Global Ratings said it raised its corporate credit rating on oil and gas exploration and production company Stone Energy Corp. (NYSE: SGY) to 'CCC-' from 'D'. The outlook is negative.
We also raised the issue-level rating on the company's senior unsecured debt to 'CCC-' from 'D'. The recovery rating is '3', indicating our expectation of meaningful... More
