Zenith Energy Ltd Assignment of new Debt Issuer Credit Rating
10 Outubro 2023 - 7:45AM
RNS Non-Regulatory
TIDMZEN
Zenith Energy Ltd
10 October 2023
October 10, 2023
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Assignment of new Debt Issuer Credit Rating
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international
energy production and development company, is pleased to announce
that EuroRating Sp. Zo.o ("Eurorating") has assigned the Company a
long-term debt issuer credit rating of "B+ with Stable
Outlook".
EuroRating is an independent credit rating agency operating
since 2008 specialised in performing credit risk assessments of
corporations and financial institutions. EuroRating is fully
registered and regulated by the European Securities and Markets
Authority ("ESMA") in accordance with Regulation (EC) No. 1060/2009
of the European Parliament on credit rating agencies and is
recognised as an ECAI (External Credit Assessment Institution).
Credit ratings assigned by EuroRating are valid throughout the
European Union and can be used for regulatory purposes under EU
legislation by all financial institutions and are entirely equal to
credit ratings issued by other credit rating agencies recognized by
ESMA, without territorial or any other limitations.
The EuroRating report can be viewed here:
https://www.eurorating.com/files/615687610/file/2023-10-09_Zenith_Energy_Ltd_-_rating_report_for_the_company.pdf
Luca Benedetto , Chief Financial Officer, commented:
"The assignment of a new debt issuer credit rating will assist
Zenith Energy in attracting debt financing for the various business
development opportunities we are evaluating in the USA, Kazakhstan,
and Italy .
As a debt issuer with an unblemished track record in servicing
debt and repaying fixed income investors upon maturity, we look
forward with enthusiasm to further enhancing the credibility of our
debt instruments."
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray, Matt E: zenith@blytheray.com
Bowld
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser
Nick Harriss
Daniel Dearden-Williams
Miriad Limited - Media Enquiries Tel: +44 7867527659
Zak Mir E: zak@zakmir.com
Notes to Editors :
Zenith Energy Ltd. is a revenue generating, independent energy
company with production, exploration and development assets in
North Africa and Europe, including electricity generation in Italy.
The Company is listed on the London Stock Exchange Main Market
(LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE:
ZENA).
Zenith's strategic focus is on pursuing development
opportunities through the development of proven revenue generating
energy production assets, as well as low-risk exploration
activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
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END
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October 10, 2023 06:45 ET (10:45 GMT)
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