Zenith Energy Ltd., (LON: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, has today announced that Rating-Agentur Expert RA has assigned Zenith a “B+” with Stable Outlook debt issuer credit rating.
RAEX is an independent European Credit Rating Agency with more than 20 years of experience in the rating and analytical industry. It is registered with the European Securities and Markets Authority (“ESMA”) and received ECAI status (External Credit Assessment Institution) in 2015.
The RAEX report can be viewed here: https://raexpert.eu/reports/Press_release_Zenith_Energy_Ltd.18.11.2019.pdf
Andrea Cattaneo, Chief Executive Officer of Zenith Energy, commented:
“The Board is pleased to have received an additional credit rating from an established European credit rating agency.
This rating is expected to help the Company successfully distribute its debt instruments, especially following the recent approval of Zenith’s Prospectus document for the issuance of up to EUR 25 million EMTNs.”