Zenith Energy Ltd (LON: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company operating onshore in Azerbaijan, have announced that ARC Ratings, SA. has confirmed its final public “B+” issuer medium and long-term credit rating, with Positive outlook, assigned to the Company.
ARC Ratings is a European credit rating agency with a 25-year history, registered with the European Securities & Markets Authority (“ESMA”). The ARC Ratings’ report can be viewed here: https://www.arcratings.com/admin-uk/modulo_news/ficheiros_noticias/20191008231814-120191008zenithenergypren.pdf
Andrea Cattaneo, Chief Executive Officer of Zenith Energy, commented:
“We are pleased to have received the confirmation of our B+, with Positive Outlook credit rating obtained last year. Debt financing has proven to be a successful financing solution which we shall be seeking to explore further to support the Company’s development in the near future.”