Fitch Ratings has removed
Fitch also upgraded the issue-level ratings of
Fitch has also withdrawn the IDR and issue-level rating of
Fitch has withdrawn the IDR and issue-level rating for
Key Rating Drivers
N/A as of the withdrawing of Ranger's IDR and issue-level ratings following the completion of the acquisition by Baytex.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive rating action/upgrade:
N/A - ratings are being withdrawn.
Factors that could, individually or collectively, lead to negative rating action/downgrade:
---N/A - ratings are being withdrawn.
Best/Worst Case Rating Scenario
International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from '
Issuer Profile
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
ESG Considerations
The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. For more information on Fitch's ESG Relevance Scores, visit https://www.fitchratings.com/topics/esg/products#esg-relevance-scores.
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