Form 8-K LINN ENERGY, LLC For: Feb 04
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Raymond James Downgrades LINN Energy (LINE) to Underperform
February 5, 2016 7:53 AM ESTRaymond James downgraded LINN Energy (NASDAQ: LINE) from Market Perform to Underperform.
For an analyst ratings summary and ratings history on LINN Energy click here. For more ratings news on LINN Energy click here.
Shares of LINN Energy closed at $1.20 yesterday.
... MoreS&P Downgrades LINN Energy (LINE) to 'CCC'; Notes Liquidity Concerns
February 5, 2016 7:45 AM ESTStandard & Poor's Ratings Services lowered its corporate credit rating on Houston-based oil and gas exploration and production (E&P) company Linn Energy LLC to 'CCC' from 'B+'. We also lowered our corporate credit rating on Berry Petroleum Co. LLC to 'CCC' from 'B+'. The outlook is negative.
We also lowered our issue-level rating on Linn Energy's second-lien debt to 'CCC-' from 'B' and placed it on CreditWatch with negative implications. We also lowered the unsecured debt rating to 'CC' from 'B-'. The recovery ratings remain '5' and '6', respectively. The recovery rating of '5'... More
