Fitch downgrades Nigeria’s Seven Energy to ‘CC’

09 September 2016, Lagos — Fitch Ratings Agency has downgraded Nigeria –based Seven Energy International Limited Issuer Default Rating, IDR to “CC” from “B- ‘’ Fitch also downgraded the senior secured rating of wholly-owned subsidiary Seven Energy Finance Limited’s 10.25 per cent $ 300m secured notes due 2021 to ‘C’ from ‘CCC’. According to a […] More »