10:53 AM EDT, 03/14/2024 (MT Newswires) -- Moody's on Thursday assigned a B1 rating to Baytex Energy's ( BTE ) proposed $500 million senior unsecured notes due 2032.

The company's Ba3 corporate family rating, Ba3-PD probability of default rating, and B1 senior unsecured notes rating remain unchanged.

The outlook is stable.

The company's shares rose 1.1% on last look on Thursday.

Price: 4.43, Change: +0.05, Percent Change: +1.20