RCS - Zenith Energy Ltd - Assignment of new Debt Issuer Credit Rating

Zenith EnergyAnnouncement

10/10/2023 11:45

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RNS Number : 6495P  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
(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

Andrea Cattaneo, Chief Executive Officer     Tel: +1 (587) 315 1279

                                               E:  info@zenithenergy.ca (mailto:info@zenithenergy.ca)
 BlytheRay - Financial PR/IR                   Tel: +44 207 138 3204

 Tim Blythe, Megan Ray, Matt Bowld             E:  zenith@blytheray.com (mailto:zenith@blytheray.com)

 Allenby Capital Limited - Financial Adviser   Tel: + 44 (0) 203 328 5656

 Nick Harriss

 Daniel Dearden-Williams
 Miriad Limited - Media Enquiries              Tel: +44 7867527659

 Zak Mir                                       E: zak@zakmir.com (mailto: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
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb (https://bit.ly/3A5PRJb)

 

 

 

 

 

 

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