Stocks in play: Enerflex Ltd.
Announced today that S&P Global Ratings and Fitch Ratings Ltd. have each provided an initial credit rating for the pro forma combination of Enerflex and Exterran Corporation. S&P’s initial corporate credit rating is BB- with a stable outlook and Fitch’s initial long-term issuer rating is BB- with a stable outlook. The ratings will be used to support our previously announced high yield debt offering that we intend to pursue. Enerflex Ltd. shares T.EFX are trading up $0.07 at $8.13.
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