Zenith Energy Ltd "B-" with Stable Outlook Credit Rating (2089X)
August 26 2020 - 4:49AM
UK Regulatory
TIDMZEN
RNS Number : 2089X
Zenith Energy Ltd
26 August 2020
August 26, 2020
ZENITH ENERGY LTD.
("Zenith" or the "Company")
"B-" with Stable Outlook Credit Rating
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE:ZEN;
OSE:ZENA-ME), the listed international oil & gas production
company, is pleased to announce that BCRA Credit Rating Agency AD
("BCRA") has assigned Zenith a "B-" with Stable Outlook long-term
debt issuer credit rating.
BCRA is an independent credit rating agency operating since
2003. The Financial Supervision Commission ("FSC") and European
Securities and Markets Authority ("ESMA") have fully registered
BCRA in accordance with Regulation (EC) No. 1060/2009 of the
European Parliament and of the Council on credit rating
agencies.
The BCRA report can be viewed here:
https://www.bcra-bg.com/en/ratings/zenith-energy-rating
Andrea Cattaneo, Chief Executive Officer of Zenith,
commented:
"We are very 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 to fund our ambitious asset
acquisition and development programme in Africa."
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Tel: +1 (587) 315 9031
Officer
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Allenby Capital Limited - Financial
Adviser & Broker
-----------------------------
Nick Harriss Tel: + 44 (0) 203 328
Nick Athanas 5656
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Merkur Market of the Oslo Stock Exchange (ZENA:ME).
Zenith's development strategy is to identify and rapidly seize
value-accretive hydrocarbon production opportunities in the onshore
oil & gas sector, specifically in Africa. The Company's board
of directors and senior management team have the experience and
technical expertise to develop the Company successfully.
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END
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