REG - Zenith Energy Ltd - Credit Rating Upgrade

Zenith EnergyAnnouncement

16/01/2023 09:15

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RNS Number : 8191M  Zenith Energy Ltd  16 January 2023

January 16, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Credit Rating Upgrade

Zenith Energy Ltd.   (LSE: ZEN; OSE: ZENA), the energy company with proven
revenue generating production, exploration and development assets
in Africa and Europe, is pleased to announce that BCRA Credit Rating Agency
AD ("BCRA") has upgraded the Company's long-term issuer credit rating to 'B+
with Stable Outlook'.

BCRA is an independent credit rating agency operating since 2003. The
Financial Supervision Commission ("FSC") and European Securities and Markets
Authority ("ESMA") have fully registered BCRA in accordance with Regulation
(EC) No. 1060/2009 of the European Parliament and of the Council on credit
rating agencies.

The BCRA report can be viewed here:
https://bcra.eu/files/rating_zenith_jan_2023_en.pdf

Andrea Cattaneo, Chief Executive of Zenith, commented:

 

"We are pleased to have had our issuer credit rating upgraded following the
Company's recent progress. It is the Board's expectation, in view of Zenith's
very significant revenue generation potential during 2023, that the Company
might achieve additional upgrades, which will further facilitate our access to
non-dilutive fixed income debt securities to finance our expansion."

 

Further Information:

 Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer  Tel: +1 (587) 315 9031

                                            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)

 

Notes to
Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in Tunisia, Italy, and
the Republic of the Congo, 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 transformational opportunities in
the Middle East, Africa, and Europe 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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