Ithaca Energy PLC (GB:ITH) has released an update.
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Ithaca Energy PLC has experienced an upgrade in credit ratings following the completion of its business combination with Eni S.p.A.’s UK upstream oil and gas assets. Rating agencies Fitch, S&P, and Moody’s have all assigned improved ratings with stable outlooks to Ithaca Energy and its 2029 senior notes. The company’s CFO expressed satisfaction with these upgrades, which align with their post-merger expectations.
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